XBert Type: Standard
Accounting Software: Xero, MYOB
Country Restriction: All regions
Risk Type: Fraud Risk
Business Function: Banking
Overview
The "Bank Statement Line Missing" XBert identifies deleted bank statement lines from your accounting software. While some deletions may be legitimate (e.g. duplicate uploads), others could indicate fraud or improper data handling.
This alert helps protect the integrity of your bank data, ensuring the actual financial activity matches your records.
What it does
XBert compares historical bank statement data with each new synchronisation.
If statement lines previously seen are missing in the latest sync
And the deleted lines are within the last 2 years
XBert triggers this alert for manual review
There is no automatic resolution. These alerts must be filed or investigated manually.
How it works
XBert stores a copy of all previously synchronised bank statement lines
Each time your data is updated, XBert checks whether any previously stored lines have been deleted
If lines are missing, XBert raises this as a potential risk
Deleting bank statement lines can affect the account’s reconciliation status and overall financial accuracy.
Example/Use Case
Bill, an employee with accounting access, uses the company debit card to make unauthorised personal purchases. He deletes the related bank statement lines from the software so the transactions appear to disappear.
Although the money has left the company account, the accounting software no longer shows any record of the spend. Without a thorough reconciliation or review, these losses may go undetected.
Accounting software
Xero, MYOB
Which countries it supports
All supported countries.
Processes
This XBert is part of the Bookkeeping – Banking category.
When reviewing this alert:
Cross-check the deleted statement lines with external bank statements
Investigate who made the deletions and why
Ensure the deletions were due to legitimate duplication or import errors
If the deletion was inappropriate, re-import the correct data and investigate potential fraud or staff misuse
Keeping a close eye on deleted bank transactions is crucial for maintaining accurate financial records and preventing fraudulent activity.