One of the biggest advantages of using Xero is its capability to import all bank transactions from a financial institution and have them show on the Xero Dashboard, ready to be reconciled. These transactions are then easily coded by the accounts processor, allocated against an existing invoice and then ticked as reconciled.
You will find in the below link, directions on how to set up the importing of the bank transactions to get started:
https://help.xero.com/au/BankFeedsDirect
