Bank Reconciliation - Repeating spend & receive money transactions
The ability setup repeating spend and receive money transactions would be helpful.
Thank you
Veeraka de Mel
shared this idea
Hi team, we appreciate your engagement in the idea here however we want to be open that we don't have any plans for developing repeat spend or receive money transactions atm.
If you have the suggest previous entries option turned on in your bank account, you may find that overtime Xero suggests create transactions based on your previous reconciliations.
Alternatively, you could look to create bank rules for these scenarios where Xero will pick up commonalities in your rules to your statement lines and help with reconciliations.
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Trudi Herniman
commented
To be able to setup repeating spend & receive money transactions in advance of when they happen, so they can be used for cash forecasting.
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Jenny Johns
commented
Is this not the function of the bank rules?
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Daniel Franks
commented
Keen to understand this from an ATM / petty cash point of view. How to account for small purchases.
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Veeraka de Mel
commented
Especially for accounts where they don't have bank feeds
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AdminXero Team
(Admin, Xero)
commented
Ability to create a template liek you can for invoices for recurring direct expenses
Purpose: Automate processes and save time