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Absolutely vital. Unbelievable that Xero does not allow autoreconciliation of statements against invoices where the reference is an identical match. Such a basic and obvious requirement. We have not yet looked around to see if any other accounting package will do this but if we find a competitor that will do it, we will move to them.

Could we have a keyboard shortcut for "OK" in reconciliation please. Just that alone would be very helpful.

I've got a prototype of a Xero-connected tool that leverages AI to handle reconciliation in bulk and real-time. Happy to share what we've built. Ping me: adii[at]pienaar.io

(By way of introduction... I'm co-founder of WooCommerce, and a Xero user for the last 10 years where I was bookkeeper/CFO for the companies I founded after Woo.)

Hi Kelly @ Xero, as per my comment on a duplicate idea for this, many of us are paying someone thousands to simply click OK all day. Improving the suggested matches is nice but it also creates more OKs to click! Please implement this bulk OK feature urgently. It is so needed and you seem to have overlooked the immense value of this relatively simply implementation.

For financial or payment reconciliation practices, here is another new software to ease your productivity. Website link: https://optimus.tech/

I'm about to find a different solution than Xero, insane that I have to click thousands of time a month for the same transaction just from different customers. Not to mention having to fill in the WHO in order to get the OK button. Can't take it anymore.

We are reconciling 300+ credit card receipts per day. Invoices are generated automatically, however when the banking facility statement is imported with the payments we have to click OK for each transaction. 95% are correctly suggested matches based on the reference information in the system. Please consider adding this feature or an alternate solution in the very near future.

It seems like you're asking about reconciling bank transactions and using the term "Bulk 'OK'" in that context. Reconciliation in banking typically refers to the process of comparing your financial records with those of your bank to ensure they match
know more: https://www.velan-bookkeeping.com/

When reconciling manually entered transactions in bank accounts, ability to reconcile in bulk rather than having to do individually.

Please add option to select multiple transactions on the Reconcile screen for the bank, so similar transactions can be coded and posted together without a match (ie, bank fees)

Being able to auto reconcile/cash code the bank transaction when you import the bank transaction or the bank transactions processed through Xero

It depends on your business model and banking arrangements
Reconciliation is crucial to mine and bank feeds not always appropriate.
Xero seems to only fit one style of operating.

Thanks for the update

I realise there is a lot of work needed in the background that we dont see but put simply for me a tick box beside transactions like in bills and sales and to be able to select all the transactions with 'OK' is really what I would like to save time in the reconciliation....

I just clicked "OK" 5381 times. I think I might have developed carpal tunnel.

My client not using bank feed, they just provide me their bank statement, so I need to key in manually. When bank reconciliation, it really take time !! We need to click all the transaction itself and mark as reconciliation. Quick book and others account software can just tick all the transaction you need and approve after you check and tally with your bank statement. Xero really need to improve, very not convenience for manually key in user. Quick book and others software cannot scan bill and upload like XERO, if not I already change to others software.

Bank Rules - Auto Reconciliation.

If there is an option for "auto-reconciliation", in Bank rule creation it will save time.

For example. We have created a bank received rule that says that if the "CITIZENS" condition is met, the item shall be recorded as "4200 - Merchandise". Instead of it shows as "Apply rule".
It should be automatically posted and reconciled.

Most ecommerce clients have a direct feed from PayPal producing hundreds of OK's in bank rec. from invoices generated by their respected sales platforms.

If date and amounts match we need to be able to auto allocate, leaving only those identified as (other possible) unreconciled.

great invaluabe idea

Yes need this for quickly matching credit card feeds, which match via an add-on application.

Yes, I need to bulk reconcile bank transfers - particularly from bank accounts to my paypal account. Would be an easy fix, and save hours of hassle.