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Cash Coding is a feature in Xero that assists accountants to perform reconciliation with ease.
Reconciliation is an important task while maintaining your Book of Accounts. Each entered data should tally with the transactions made. (Here is Bank Reconciliation and Tips on Xero)
A tedious task, isn’t it?
With Xero’s Cash Coding feature, one can reconcile the statements in seconds.
Things to take care in mind before Reconciling:
Cash Coding should not be used to match a transaction that already exists in Xero.
Here are some items that should be reconciled first: