Automate Your Bookkeeping with Bank Rules

Bookkeeping, Quickbooks Online, Xero

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Bookkeeping software has a ton of amazing tools to ease the pain of keeping track of your finances. One of those tools is Bank Rules, watch below as I walk you through setting up bank rules in both Xero and Quickbooks Online.


Some helpful tips for creating bank rules:

  • Prioritize bank rules for monthly recurring charges
  • Make sure you see a transaction come through more than once before you create a rule. This way you know what parts of the bank description are consistent.
  • Don't feel like you have to do all your transactions at once, chip away as you do your bookkeeping each month


About the author

Megan

I’m a bookkeeper for women who run a service-based business. They dread tracking their business expenses and want someone they can trust to take it off their hands. I get their books in order so they can focus on serving their clients.

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