Onboarding overview
Connecting bank feeds is the concrete first technical step in Xero setup -- once connected, transactions import automatically daily, and the Bank Reconciliation screen becomes the actual daily workflow for matching and coding them against invoices and bills.
Practical Details
Mapping your existing chart of accounts and tax codes accurately during import matters significantly, since every report Xero generates depends on transactions being coded to the right account from the start.
Actionable Considerations
- Connect bank feeds early, since daily automatic transaction import is central to Xero's actual day-to-day workflow
- Map your chart of accounts and tax codes carefully during import, since reporting accuracy depends on it from day one
- Run reconciliation on a handful of real transactions to validate data mapping before going fully live