Xero Bank Rules

If you make regular payments to suppliers, you can set up bank rules, so Xero recognises what the payments are for. The easiest way to do this is when one of these payments appears in the bank reconciliation.

Use the Create rule link above the bank statement line to create your rule.

Complete the create rule screen as follows and press save:

1. Condition – tell Xero how to identify this supplier from your bank statements.
2. Contact – Supplier’s name
3. Leave blank in majority of cases
4. Enter the account code you would like Xero to post the transaction to and the VAT rate
5. Leave as the default
6. Select the bank account you use to pay this supplier
7. Give the rule a title

Whenever Xero sees a payment to this supplier, it will try to apply the rule and all you have to do it press ‘OK’ in the bank reconciliation screen to confirm.

Go back to Xero Guidance home page.