To delete a bank account in Xero, the account must not contain any transactions. If you would like to remove a bank account that contains transactions, you need to archive it instead. In this tutorial, we will delete an empty bank account in Xero’s demo company. To learn how to archive a bank account, please see our tutorial on how to archive a bank account in Xero.
Bank Accounts Section in Xero
To get to the right area of Xero, go to Accounting → Bank accounts from the main menu:
How to Delete a Bank Account
In Xero’s demo company, you will see two bank accounts that are already active:
- Business Bank Account.
- Business Savings Account.
Add an Empty Bank Account
Because these bank accounts contain transactions, we cannot delete either of them. In order to complete this tutorial, we first need to create a bank account that has no transactions. To do this, please follow the steps in our tutorial on how to add a bank account to Xero.
Once you have finished, you should see the Business Offset Account in your list of bank accounts:
Delete the Empty Bank Account
Now we can delete our new bank account. To get to the right area of Xero, go to Accounting → Chart of accounts from the main menu:
Here you should see our three bank accounts at the top of the list of general ledger accounts. If you tick the checkbox for the Business Offset Account we just created, the Delete button should activate. Click Delete to remove the bank account from Xero:
A pop-up box will appear warning you of the consequences of deleting the account. Once you are happy to completely remove the bank account from Xero, click on OK:
You should no longer see the Business Offset Account in the list of general ledger accounts on your screen. That’s all you need to do to delete a bank account from Xero.