Real Estate Investar Training

How do I reconcile rental payments?

Once rent is showing in your bank feeds, to reconcile the income and account for any expenses that have been taken by your Property Manager please follow the below steps.

Before you start, have a copy of your rental statement with you as it will make it easier to process.

Can I retrieve my data if I decide to stop using Xero?

How do I subscribe to a bank feed?

Once you have Xero setup, there is a button next to your bank account(s) asking you to get a bank feed. By clicking the button, you will get started with the process to suit your bank or financial institution.

Which bank feeds are currently supported?

There is an extensive list of banks now supported through Xero - https://help.xero.com/au/BankFeeds.

For those that Xero doesn’t support directly, they have a partnership with Yodlee to support all other banks and financial institutions.

Is Xero secure?

Xero’s security policies are modeled on those used by the banks. They use 128 bit SSL encryption, the same used for internet banking, and their servers are hosted on a tier-one hosting provider who monitors their servers and firewalls 24/7/365 at a guarded facility.

What is a Chart of Accounts?

A Chart of Accounts (CoA) is a list of all the incomes, expenses, assets and debts a person or company has or owns used in the general ledger of an accounting system. 

Real Estate Investar has worked with Xero to produce an investor focused CoA, but for everyone the CoA will be different based on your unique circumstance. This can be customised by the user.

What time will my bank feeds arrive?

Does Xero own my data?

What is Xero?

Xero is a global software company with offices in the United States, United Kingdom, Australia and New Zealand.

Xero is the emerging leader in online accounting software, providing investors, small and medium business owners with real-time visibility of their financial position in a way that’s simple, smart and secure.

Can Xero staff see my bank balance and other financial information?