xBoox

Set up bank and credit-card accounts

Prepare the accounts xBoox uses for manual transactions, `.qbo` imports, transfers, and reconciliation.

Before you begin

Confirm that Business Profile uses Bank Account-Based Tracking. Corporation Workspaces use this setup.

Review the Chart of Accounts

  1. Open Accounting > Category (Chart of Accounts).
  2. Confirm that each business bank account appears as an active Bank & Cash account.
  3. Confirm that each business credit card appears as an active Credit Card account.
  4. Use clear account names that match the real statement account.

Only eligible active accounts appear in statement import, Pay From, Deposit To, Transfer, and Reconcile selectors. Built-in posting eligibility comes from accounting metadata, not the account number alone.

Set the opening balance

Before the first reconciliation:

  1. Open Banking.
  2. Select the account card that requires setup.
  3. Open Set Bank Balance.
  4. Enter the opening-balance date and amount.
  5. Optionally enter a memo.
  6. Save the setting.

The opening balance establishes the starting point for Reconcile. It is not a new Expense or Income transaction.

Statement cycle

xBoox can use month-end or a monthly closing day when suggesting the next reconciliation period. Make sure the selected cycle matches the statement issuer.

Important rules

  • Do not use one xBoox account for multiple real bank or credit-card accounts.
  • Transfer selectors use eligible active Bank & Cash and Credit Card accounts.
  • Opening balances and statement cycles are Workspace-specific.
  • A Category that does not permit statement import will not appear as an import account.