Tip:
Highlight text to annotate it
X
Lets say you've run a reconciliation report in Xero
and you have some items in Plus Outstanding Payments,
Less Outstanding Receipts or Plus Un-reconciled Bank Statement Lines.
Let's have a look why. First, Plus Un-reconciled bank statement lines
are statement lines which are still waiting to be reconciled
and you can go back into the Reconcile tab and simply finish reconciling them.
For outstanding payments
just ensure these are checks or electronic payments that have not yet
been presented
as of the reconciliation report date. If they have been presented then
investigate why these transactions are still outstanding in Xero.
Perhaps these are duplicates and the original transactions
have already been reconciled. You'll be able to find out by looking through the account
transactions tab.
And the same principle applies to outstanding receipts.
So if there are things here that shouldn't be just click into the transaction
and from the Options button you can delete the payment or receipt if it was
created in error.