Member Since: 25th Jun 2013
15th Jul 2020
I too had this issue but with a twist. My mortgage application was in my full name but, as I am known by my second name, the tax year overview I provided was headed "2nd name acting on behalf of xy accountancy ltd"
Mortgage provider wanted a certificate from 2nd name of xy accountancy ltd and didn't even notice that I provided the same address and contact number as supplied on the application form.
25th Jan 2020
I'm afraid you've hit a terminology problem in some of the answers. Xero automatically downloads bank transactions from the live bank feed, meaning the balance on Xero is always reconciled to the balance at the bank.
Very (VERY) unhelpfully Xero calls the 'posting' or allocation of bank transactions to the relevant ledger accounts 'reconciling. So when you see 3000 + unreconciled transactions it means the payment has been credited to the bank account within Xero but is awaiting the debit - and vice versa.
So you will need to reconcile historic transactions - but annotated bank statements will help.
Xero does enable you to set up rules for posting costs which aren't invoiced - bank charges etc.
Xero does permit you to 'split' payments/ receipts over several invoices.
The matching App will have set up an account within Xero to 'hold' the payments of invoices - you will need to reconcile the amounts received per the actual bank account into this account and then match them off against the App posting. Doing this makes more sense than describing doing it!