Bank Reconciliation - Repeating spend & receive money transactions
The ability setup repeating spend and receive money transactions would be helpful.
Thank you
-
Nancy Wehnert commented
This would seem to be a basic function that should be available. Looking forward to it being added for those regular spend and receive moneys.
-
Christopher Chew commented
So frustrating , Xero should be able to do this easily!
-
Shev Lizzard commented
This would be great for predicting cashflows.
-
Bob Whinn-Tulip commented
This has been questioned / suggested for almost 2 years !
Is Xero ever going to comment / implement or suggest anything.
I have just lost one client due to cost of time taken to manually enter these transactions.
PLEASE someone at Xero, HELP
-
Gavin Thomas commented
I want to migrate a client from QB to Xero but until this feature is available I am hesitant to do so since the ability to post recurring receive money transactions is critical to the work I do for this organisation and will cost me a lot of time compared to QB. Really surprised that Xero doesn't offer this pretty basic functionality when even junk software like QB does.....
-
Brenna Ames commented
This would be so helpful to have for recurring payments that are allocated to multiple expense accounts!
-
Leya Knight commented
I would use this feature multiple times daily as have multiple entities to reconcile
-
Candace Hunter commented
Yes! This would be a huge timesaver. We used this all of the time in MYOB
-
Jo Rowlands commented
Follow MYOB's lead and give us the chance to enter recurring spend money transactions. It will make life simpler.
-
Sally Stubbs commented
I find setting up a bank rule for this will help post them quickly. A bank rule can look for the several different criteria like amount and recipient and then automatically suggest how to pot it. That will dot he trick. You then just click OK.
-
Amanda Key commented
It would be really useful to set up a recurring spend money transaction to account for payments that are made weekly
-
Amanda Key commented
It would be really useful to set up a recurring spend money transaction to account for payments that are made weekly
-
Kim Kennedy commented
Yes Please, so easy in MYOB, needs to be a function in Xero
-
Flora Keiller commented
This is a huge oversight. You can't post manual journals to bank accounts in Xero so the only way to manually enter debits/credits is through spend or receive transactions. I have a few clients who have weekly standing orders to various savings/internal accounts and manually entering these one-by-one every week is very time-consuming for such a small task.
Either let us post journals to bank accounts or please add the option to repeat spend/receive transactions
-
Dee Lavelle commented
Use this all the time in MYOB!!
-
Jennifer Tryggvason commented
YES! There are many circumstances this would be a real time saver. I'm surprised there isn't a way to do it.
-
A Klein commented
urgent will save so much time and will be able to track missed payments with out setting up bills / inv
-
BRONWYNNE FERREIRA commented
Very frustrating that there is no way to create a repeating spend money option. MYOB makes this process so amazingly easy. Xero not so easy to work with!!!!
-
Maggie Curtis commented
We need to be able to have repeating spend money where we can utilise items on the transaction. Bank rules do not allow for an item to be selected when applying a bank rule, therefore repeating spend money option would be beneficial.
-
Melissa Lenos commented
Veeraka, use the bank feed template as your excel to get those into your feed as a bank feed on your cash account. Import monthly as you did before. Then setup your bank rules for those transactions. Once you upload each month you will be able to cash code and if all are ruled it should be one click to reconcile the month of transactions.