{"id":124036,"date":"2025-03-10T11:30:50","date_gmt":"2025-03-10T11:30:50","guid":{"rendered":"https:\/\/peraltafinancing.com\/accounting\/close-your-books-with-confidence-introducing-reconcile-period-in-xero\/"},"modified":"2025-03-10T11:30:50","modified_gmt":"2025-03-10T11:30:50","slug":"close-your-books-with-confidence-introducing-reconcile-period-in-xero","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=124036","title":{"rendered":"Close your books with confidence: Introducing reconcile period in Xero"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"main\">\n<p class=\"lastUpdated uppercase hidden lg:block\">LAST UPDATED: Mar 4, 2025<\/p>\n<p>\t\t\t\t\t\t\t<img decoding=\"async\" id=\"desktopFeaturedImg\" class=\"hidden lg:block w-full mb-9\" src=\"https:\/\/blog.xero.com\/wp-content\/uploads\/2025\/03\/ReconcilePeriod_Blog_1000x600x2_v2.png\"\/><\/p>\n<p>Coming off the <a href=\"https:\/\/blog.xero.com\/us\/product-updates\/year-of-the-us-bank-feed\/\">year of the US bank feed<\/a>, I\u2019m excited to share that we\u2019re releasing the eagerly anticipated reconcile period feature in bank reconciliation.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Rolling out now for our US and Canadian customers<\/strong><\/h2>\n<p>Reconcile period enables you to easily compare your bank statement to your Xero accounting transactions so you can:<\/p>\n<ul class=\"wp-block-list\">\n<li>define a period with a date range and balance, to easily compare to statement lines<\/li>\n<li>quickly spot missing, duplicate or incorrect transactions<\/li>\n<li>confirm completion and accuracy by saving a period when it balances<\/li>\n<li>protect the transactions for the period from being changed<\/li>\n<li>create a reconciliation report as a lasting record<\/li>\n<\/ul>\n<p>Reconciliation is a pivotal step in identifying any discrepancies between a bank statement and the corresponding accounting entries in Xero. Reconcile period is an optional feature that helps you more easily verify the accuracy of your financial data and quickly detect any errors or missing entries for correction.\u00a0<\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/players.brightcove.net\/4890384886001\/default_default\/index.html?videoId=6364967065112\" allowfullscreen=\"\" allow=\"encrypted-media\" width=\"960\" height=\"469\"><\/iframe><\/p>\n<h2 class=\"wp-block-heading\"><strong>Start each month with a clean slate<\/strong><\/h2>\n<p>We\u2019ve been listening to your feedback, and understand how important it is for businesses to periodically verify the accuracy of their accounting records, particularly in support of their internal month-end close process. Now, with reconcile period, you can compare your bank transactions and accounting on a monthly basis, and keep a report of the close-out for governance purposes.\u00a0<\/p>\n<p>This new workflow doesn\u2019t change Xero\u2019s real-time bank rec workflow; it\u2019s an optional addition that can help ensure your accounting is correct. If you\u2019re happy using Xero\u2019s existing bank reconciliation workflow where you categorize and match transactions as you go, you don\u2019t need to change a thing.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Our beta testers love it<\/strong><\/h2>\n<p>We\u2019ve tested the reconcile period beta version with a large group of our accounting and bookkeeping partners, and the feedback has been really positive. Here\u2019s what a few of our testers have had to say:<\/p>\n<p><em>\u201cXero\u2019s new reconcile period feature is a game changer. It ensures that each period is properly locked and closed, providing peace of mind. This functionality makes it effortless to stay on top of our customers\u2019 books and, we might add, a bit fun! It\u2019s the kind of enjoyment accountants have when their books are closed correctly.\u201d<\/em> \u2013 Sarah Prevost, Accountant, Mintage Labs<\/p>\n<p><em>\u201cXero\u2019s reconcile period has been instrumental in improving the efficiency of our month\/period close processes. Being able to tie the reconciliation report to the same location as the bank feed makes for an excellent high-level view into whether all accounts have been reconciled for a period. Knowing that a bank feed has been locked after reconciling it gives us confidence in information remaining accurate after we\u2019ve completed our review too.\u201d\u00a0<\/em>\u2013\u00a0Dan Quigley, Lead Accounting Technologist, Matax<\/p>\n<p><em>\u201cIT IS PERFECT!! This is what I have been waiting for! It is clean, intuitive and makes reconciling so much easier! I love how you kept it simple.\u201d<\/em> \u2013 Beta tester (US)<\/p>\n<p><em>\u201cDon\u2019t [change anything].\u00a0 I closed seven bank accounts in 25 minutes!\u201d<\/em> \u2013\u00a0Beta tester (US)<\/p>\n<h2 class=\"wp-block-heading\"><strong>Our commitment to our US and Canadian customers<\/strong><\/h2>\n<p>This new feature is another example of Xero\u2019s commitment to addressing your specific needs in the US and Canada.\u00a0<\/p>\n<p>Looking beyond this release, we\u2019ll soon add the ability for you to attach your PDF bank statement to your reconciliation. At a broader level, we\u2019re committed to supercharging the bank reconciliation experience, making it as easy as possible to complete your bookkeeping, and giving you faster access to the valuable insights you need to manage your business.\u00a0<\/p>\n<p>Keen to try it out? We\u2019re rolling out this feature to customers gradually over the next couple of weeks. Once available, you\u2019ll find reconcile period as a new tab on the main reconciliation account page.<\/p>\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1000\" height=\"600\" src=\"https:\/\/blog.xero.com\/wp-content\/uploads\/2025\/03\/reconcile-period-tab.png\" alt=\"\" class=\"wp-image-37704\" srcset=\"https:\/\/blog.xero.com\/wp-content\/uploads\/2025\/03\/reconcile-period-tab.png 1000w, https:\/\/blog.xero.com\/wp-content\/uploads\/2025\/03\/reconcile-period-tab-300x180.png 300w, https:\/\/blog.xero.com\/wp-content\/uploads\/2025\/03\/reconcile-period-tab-768x461.png 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"\/><\/figure>\n<\/p><\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>LAST UPDATED: Mar 4, 2025 Coming off the year of the US bank feed, I\u2019m excited to share that we\u2019re releasing the eagerly anticipated reconcile period feature in bank reconciliation. Rolling out now for our US and Canadian customers Reconcile period enables you to easily compare your bank statement to your Xero accounting transactions so [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":124037,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11759],"tags":[1752,4065,11695,13032,6670,54504,26182],"dealstore":[],"offerexpiration":[],"class_list":["post-124036","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accounting","tag-books","tag-close","tag-confidence","tag-introducing","tag-period","tag-reconcile","tag-xero"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Close your books with confidence: Introducing reconcile period in Xero - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=124036\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Close your books with confidence: Introducing reconcile period in Xero - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"LAST UPDATED: Mar 4, 2025 Coming off the year of the US bank feed, I\u2019m excited to share that we\u2019re releasing the eagerly anticipated reconcile period feature in bank reconciliation. Rolling out now for our US and Canadian customers Reconcile period enables you to easily compare your bank statement to your Xero accounting transactions so [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fivemor.com\/?p=124036\" \/>\n<meta property=\"og:site_name\" content=\"Som2ny Network\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-10T11:30:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/03\/ReconcilePeriod_Blog_1000x600x2_v2.png\" \/>\n\t<meta property=\"og:image:width\" content=\"4167\" \/>\n\t<meta property=\"og:image:height\" content=\"2500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/fivemor.com\/?p=124036#article\",\"isPartOf\":{\"@id\":\"https:\/\/fivemor.com\/?p=124036\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/fivemor.com\/#\/schema\/person\/b85e3c3dc0e1daea076524dc8810c371\"},\"headline\":\"Close your books with confidence: Introducing reconcile period in Xero\",\"datePublished\":\"2025-03-10T11:30:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/fivemor.com\/?p=124036\"},\"wordCount\":639,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/fivemor.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/fivemor.com\/?p=124036#primaryimage\"},\"thumbnailUrl\":\"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/03\/ReconcilePeriod_Blog_1000x600x2_v2.png\",\"keywords\":[\"Books\",\"Close\",\"Confidence\",\"Introducing\",\"Period\",\"reconcile\",\"Xero\"],\"articleSection\":[\"Accounting\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/fivemor.com\/?p=124036#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fivemor.com\/?p=124036\",\"url\":\"https:\/\/fivemor.com\/?p=124036\",\"name\":\"Close your books with confidence: Introducing reconcile period in Xero - 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