Bank Reconciliation (1-8 June) 2 Marks Date range: 1 June 2024 - 8 June 2024 Bank reconciliation is the process of matching bank statement lines imported into Xero from your bank account, with account transactions you've created in Xero such as invoices, bills and batch payments. Tutorial: Bank reconciliation in Xero. Make sure you refer to Description and References for simple payment transactions. Most of the transactions in this date range were paying for wages, bank charges and interest. Typically there are no Invoices or Bills to reconcile these transactions to. Lets do some bank reconciliation work. Remember to refer back to the case study background for clues. Further notes you may need: Life Insurance: Key person life insurance cover is for the farm manager. GST Free. Hint: Use the Payee column names as contact(Who). Use Reference column as description(why)