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It would be really useful to set up a recurring spend money transaction to account for payments that are made weekly

It would be really useful to set up a recurring spend money transaction to account for payments that are made weekly

Yes Please, so easy in MYOB, needs to be a function in Xero

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

Use this all the time in MYOB!!

YES! There are many circumstances this would be a real time saver. I'm surprised there isn't a way to do it.

urgent will save so much time and will be able to track missed payments with out setting up bills / inv

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!!!!

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.

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.

My client deals in many cash payments and so I have a "Cash Account" set up as a bank account in Xero. Previously, when the client used Quickbooks, I was able to use a single recurring journal template to post things like a weekly cash payment of wages to multiple employees, it was all done in three clicks. I cannot believe there is nothing similar in Xero. The only way I can find of achieving this is to manually create a Spend Money transaction for each individual employee payment and then manually copy each of these transactions for each subsequent week. What was previously a 1 minute job has now become a 10 minute job. Everyone told me that Xero was better than Quickbooks but I have yet to find any major benefits.

Xero's suggestion to set up a bank rule is not helpful as, without a bank feed or statement upload, you cannot create a bank rule.

Not all bank payments and receipts are creditors or debtors. Small business can have all sorts of transfers between owners/other stakeholders and the ability to add the recurring spend money or receive money transactions ahead of time to see the actual bank balance after these transactions is critical for cash management. We should not have to wait until the bank rec process for a bank rule to enter the transaction and it is tedious to enter the transaction anew each month and non value add.

Yes please

Bank Reconciliation | repeating bank tranfers. It would be super wonderful for repeating bank account transfers, this assists with cashflow forcasting

This is something many of my clients are wanting.

Re Repeating spend transactions- I just set up a Bank Rule for those.

Repeating Spend money transactions would be great. and the ability to create a bank aba file for a spend money transaction.

To be able to setup repeating spend & receive money transactions in advance of when they happen, so they can be used for cash forecasting.

Is this not the function of the bank rules?

Keen to understand this from an ATM / petty cash point of view. How to account for small purchases.