Cloud Bookkeeping 11th April 2014 Xero’s Automatic Bank Reconciliation is a Real Benefit. We have just transferred to Xero a client in the construction sector. The system has proved particularly useful because most of his receipts and payments are made electronically and Xero enable these to be automatically downloaded from the bank. This is a real time saver. As his work is contract based, the tracking facility within Xero will be used so job costings can be produced.