Bank Reconciliation: Cash Coding - Bank Transfers
Ability to use the cash coding screen to post to a bank account.
Purpose: It’s time consuming having to tick off each item in the reconciliation screen when there are a lot of transfer transactions
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Landon Brockman commented
This seems very basic, no idea why it is not here already. Or the ability to find and recode bank transfers.
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Blake Walsh commented
Good luck!!!... getting this idea put in, 10 years on. you have to use alot of workarounds to use Xero, setting up a transfer code is one of them... sadly. Not the best for audit trail purposes but time saver.
Xero needs to up their game, not a very efficient system. Soo many functional and efficient design flaws. Yet their product updates keep changing UI of reports rather then address these.
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Karen Lynch commented
Please add this in. We quite often have new customers that have not done their accounts for 5+ years. I currently have an account where I have to code 37000+ entries of which thousands are tfrs and I have to do one at a time. I have spent now 10 hours coding and I still have 13000 entries to code.
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Ross Stokes commented
is this in yet? come along!
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Jeff Sunderland commented
This is very critical in this age when transactions between Paypal, Stripe, Square, etc., need to be transferred in bulk. Let's do this, Xero. Your price is going up, so where is the increased functionality?
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Lauren Barter commented
Cash coding to work for bank transfers
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Edwin Derricutt commented
Honestly, it is such a pain not having this...please xero add it in!
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MARTIN C commented
being able to cash code on scale is import for organisations and the bank rules for money receive and money spend aide small busniesses like mine by saving time in administration. It makes no sense why Xero cannot offer the same bank rule features to allow us to apply Moneny transfer rules between bank accounts.
On a monthly basis intenral bank transfers amount to a high volume of input and as these are known internal transactions it is annoying we cannot clear these by batch, to allow the accounts team to focus on coding external bank movements.
Please update me when Xero will be updated to so that we can use a money transfer rule when cash coding bank items.
given most of the coding has already been done on the other two bank rules, this should be a quick fix for Xero. -
Tina Leigh commented
Super frustrating not being able to do bulk transfers.
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David Galea commented
Yeah honestly can’t understand why its not done yet, the functionality is already there for income and expenses, just add transfers to the list 😅
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Estelle Hardwick commented
So many clients have these transactions it is critical to be able to speed up this process
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Clare Ayres commented
Time saver so no brainer really.
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Debora Faulkner commented
We have introduced a client with complex bookkeeping to Xero trusting the software was going to be efficient but unfortunately we are unable to use cash coding for bank transfer rules which in our case, is CRUCIAL! The job became enormous and time consuming. PLEASE could we have this ASAP. Thank you.
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Tina Leigh commented
Agreed, would save countless hours!
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John Sherwood commented
This would help us so much. We have literally 100s of transactions a week that require transfers. Having to do it manually wastes so much time and leads to mistakes that then take more time to rectify.
Please make this happen soon!!
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Laura Reid commented
I want to be able to use cash coding to process bank transfer rules in the same way I do for other rules
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Christine W. commented
Why is this not a feature? We're spending more time manually creating transfers, matching transfers, and reconciling transfers than actual other expenses. It's also easy to duplicate transfers since the Duplicate Statements Report seems to not include transfers? And Find & Match also cannot find transfers unless they have been created manually?
Other softwares make bank transfers very easy. They even have matching suggestions that find the transfer from both banks automatically, and is one click to approve (from an implementation perspective, I believe they just find matching amounts from two different banks on the same day give or take).
This is a downside of Xero if dealing with large numbers of bank accounts and credit cards.
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Christina Duff commented
I would love if Xero support could provide an update on this feature!
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Andrew Syme commented
Why do Bank Rules for Spend / Receive Money populate Cash Coding, but Bank rules for Transfers don't work at all in Cash Coding ?
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Wendy French commented
This is something that is needed very much so.