How to Archive a Bank Account in Xero

Quick summary

Archiving a bank account in Xero removes it from active use without deleting historical data, keeping your Chart of Accounts clean and audit-ready. This process takes under a minute using Xero's Accounting menu and requires just a checkbox selection and confirmation.

Steps

1. On Xero's main dashboard, go to the top menu bar and click 'Accounting'.
2. Choose 'Chart of Accounts' from the dropdown list of options.
3. Find the bank account you wish to archive and tick the checkbox beside it.
4. Click the 'Archive' button to proceed.
5. Click 'OK' to confirm your archiving request.
6. The selected bank account in your Xero workspace will now be archived successfully.