What’s new in Auto Bank Reconciliation

Automatic Bank Reconciliation is designed to take the repetitive work out of bank reconciliation, making it faster while keeping every decision visible and reversible. Powered by JAX, your AI finance partner, it’s built on the principles of Accountable Intelligence™ – helping with the repetitive work while working responsibly alongside you.

While Auto Bank Reconciliation is still in beta, it has automatically reconciled more than 100 million transactions, and nearly three in four customers tell us it’s saving them time*. Since customers can move from manually reconciling, to reviewing, it frees them up to focus on more valuable work for their business or practice.

But we know saving time is only part of the story. Through customer interviews, survey research and in-product feedback, we consistently heard that while the automation was working well, the review experience could work even better.

That’s why we’ve continued refining Auto Bank Reconciliation. Today, we’re introducing a faster, simpler way to review, edit and understand reconciled transactions.

A better way to review reconciled transactions

Review is where your expertise and JAX work together. JAX takes care of the repetitive work, while you review, verify and adjust.

That’s why we’ve added highly requested functionality to the Reconciled page to make reviewing simpler and more efficient. Whether you’re checking coding, confirming supporting documents or making a correction, everything you need is now in one place.

With less navigation and fewer interruptions, you can stay focused on your work from start to finish.

Make changes without breaking your flow

Sometimes reviewing your books means making a small correction. Previously, that could mean removing an entire reconciliation just to update an account code or tax rate.

Now you can make those changes directly from the Reconciled page.** Simply review, edit and continue, without removing the reconciliation or navigating away.

Every change also helps JAX better understand how your organisation works, improving future suggestions over time. Your review doesn’t just verify today’s work. It helps improve tomorrow’s.

Understand how JAX reached its decision

The Reconciled page shows the method behind each reconciled transaction. Whether it was reconciled using a match, rule, memory or prediction, or reconciled manually by you. You’re also able to filter auto-reconciled transactions as part of your review workflow, making it simpler to understand, verify and trust each reconciliation.

What you need, where you need it

Reviewing your books often means looking beyond the transaction itself. Whether you’re checking an invoice, reviewing a receipt or confirming supporting documentation, having the right information close at hand helps you keep moving.

You can now view, add and manage attachments directly alongside your reconciled transactions, so there’s no need to switch between screens to find what you’re looking for.

With everything in one place, it’s easier to review your work, make updates and move on without interrupting your workflow.

Acts only when it’s confident

Not every transaction should be reconciled automatically.

That’s why Auto Bank Reconciliation only reconciles transactions when it has a high level of confidence. If it isn’t confident, it leaves the transaction for you to reconcile. It’s a deliberate approach that helps reduce repetitive work while making every decision visible and reversible, regardless of whether it doesn’t auto-reconcile.

As JAX continues to evolve, we’ve already shipped improvements so that it’s able to confidently support more scenarios, including improvements to: 

• Late-arriving documents: When a bill or receipt turns up after the bank transaction, JAX can revisit the transaction and match it the moment the document lands.
• Bank transfers: JAX recognises transfers between your own accounts and matches them, keeping your records accurate.
• Recurring transactions: JAX matches recurring payments and receipts, so the regulars land where you’d expect them to.
• Bank rules: JAX works alongside the bank rules you’ve already set, handling predictable transactions consistently when it’s confident.
• Transaction descriptions: Clearer descriptions show what a transaction is and why it’s been coded that way.

That’s what Accountable Intelligence looks like in practice. It acts where confidence is high, holds back where it isn’t, and the last word is still yours.

Still learning, always improving

Auto Bank Reconciliation continues to improve,  but there’s still more work to do. We’re tackling more complex use cases, like scenarios where a single payment covers multiple invoices.

We’re continuing to expand the scenarios Auto Bank Reconciliation can confidently support, guided by customer feedback and real-world usage. As it evolves, the goal remains the same: to reduce more of the repetitive work, while keeping you confident in the outcome.

See Auto Bank Reconciliation in action

Whether you’re trying Auto Bank Reconciliation for the first time or coming back to see what’s new, we’ve focused on one thing above all else:

Making review more intuitive, simpler and faster.

Watch our step-by-step overview video, explore an interactive product preview, and visit our Help Centre article to learn more. Then, when you’re ready, enable Auto Bank Reconciliation on one of your own bank accounts.

Because the future of reconciliation isn’t about reviewing less. It’s about reviewing faster, with greater confidence.

*Source: Survey conducted by Xero of 203 small businesses and 120 accountants and bookkeepers globally using Xero, April 2026

**Tax rate editing is currently not available in the US.