Bank Rules - Account Description from Statement Description
Ability to add account description from statement description when setting up bank rules.
Purpose: To easily reconcile similar transactions but have different descriptions.
AdminXero Team
(Admin, Xero)
shared this idea
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Claudia Marziano
commented
Hi,
Currently, when setting up bank rules, for all forms (spend money, receive money and transfer money) there isn't a way to keep the description that is on the original transaction line in the bank rule. You can make a common description for all future transactions that will be reconciled, but the option to take the existing description from the transaction isn't there.
This would be an extremely useful option/tool because for those companies who need to have the original transaction description in all reconciled items, the only way this can be done is by setting the reference as the description. As useful as this is, I think it would be a lot more efficient to be able to have the same option when setting the description.
Thank you :)
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Lucas Lorenzoni Leal
commented
This is very important to have more details about the transaction. Otherwise, we will have the same description for all transactions and this will difficult for the reconciliation of other accounts on the balance sheet. Currently, I do not use bank rules for transactions I need to keep the bank description and it takes more time to reconcile the banks.