Xero bookkeeping, done every month

Xero makes the bank side easy, but someone still has to reconcile it, code it right, and close the month. We keep books in Xero for businesses and startups, and we clean up Xero files that fell behind.

What monthly Xero bookkeeping includes

  • Reconcile every bank and card feed against its statement line.
  • Code transactions to the right accounts and tracking categories.
  • Keep invoices and bills current, and chase what's overdue.
  • Review payroll, loans, and owner transactions.
  • Close the month with a lock date and send a P&L, balance sheet, and cash flow statement.

Signs your Xero file needs a cleanup

  • Bank feed lines left unreconciled for months.
  • Transactions created with "Create" instead of matched to existing invoices or bills, so they're counted twice.
  • A suspense account or "Ask my accountant" with a large balance.
  • Bank balances in Xero that don't match the statement.
  • Old invoices and bills still open after they were paid.

A cleanup in Xero follows the same steps as anywhere else: scope the backlog, fix the chart of accounts, reconcile every account to its statements, and close each month. See how a bookkeeping cleanup works.

Xero or QuickBooks

Both work well for small businesses and startups. If your books are already in Xero, there's usually no reason to switch. We work in both, so the software you already use stays. If you're on QuickBooks, see QuickBooks cleanup.

Where Staxiom fits

We keep books in Xero every month. Staxiom is an accounting team built by founders, investors, CPAs, and startup people, and the team includes former Big 4 accountants. We get your books current first, then keep them that way with monthly bookkeeping. Monthly plans start at $200/month; see every plan.

Already have a CPA? Keep them. We hand them reconciled books at tax time. See how we work alongside your CPA.

Xero bookkeeping: FAQ

What does a Xero bookkeeper do each month?

Reconciles every bank and card feed, codes transactions to the right accounts, keeps invoices and bills current, reviews payroll and loans, and closes the month with a P&L, balance sheet, and cash flow statement.

Can you clean up a Xero file that's behind?

Yes. A Xero cleanup reconciles the unreconciled bank lines, removes duplicates created instead of matched, clears suspense balances, and closes out invoices and bills that were already paid.

Should I switch from Xero to QuickBooks?

Usually not. Both work well for small businesses and startups, and switching costs time. If your books are already in Xero, keep them there.

Can I keep my CPA?

Yes. We hand your CPA reconciled books and financial statements at tax time, and they keep doing the return.

Get your Xero books current

Answer three quick questions, then book a free intro call with the bookkeeping team.

See if we're a fit