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In this video tutorial, Mark Cunningham discusses two methods for fixing bank reconciliation errors in Xero: "unreconcile" and "remove and redo." He demonstrates how to access the business bank account and navigate to the account transactions tab to view all reconciled transactions. Using the example of a $1,000 bank deposit from November 5, he shows that both the general ledger and bank statements confirm the transaction has been reconciled. He emphasizes the importance of ensuring both sides of the transaction match in order to proceed with corrections. The video aims to help users effectively manage and rectify reconciliation errors in Xero.