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i have a client with loads of bank statement lines was previously using quickbooks with this feature - may move back

We have an accountancy practice where all our clients are on Xero. We are considering moving all over to QuickBooks Online due to the reconciliation features they have including being able to reconcile all balance sheet accounts

This should be easy to implement (a check box on the bank rule to say it should automatically reconcile) and it would save a large amount of time mindlessly clicking the OK button.

YES THIS WOULD BE A GAME CHANGER!!!!

Come on Xero, this is a key component of initial reconciliation and regular reconciliations especially for new customers importing accounts and statements or very regular charges. Huge clicking OK 900 times, is not how I wanted to spend Friday

I found this thread because I was trying to learn how to do this because its such an expected feature. It is actually insane that such an obvious and critical tool isn't already part of the software

Once you have defined the Bank Rule The entries auto postings saves lot of time in current scenario if client have 1000 entrie s even all are defined by Bank rule you still have to click OK 1000 times very outdated technology
Quickbook already have auto posting feature saves ample of time and money too as QB is comparatively cheap

Ridiculous that this isn't already offered. QuickBooks has had it forever.

Been asking for this. Can't believe they haven't leveraged AI to make this a reality STILL!

Automated bank rule reconciliation.

A choice for a bank rule to be automatically reconciled - once created a option to select if you wish for the bank rule to be reconciled to remove the need for manual reconcile.

This would be ideal for monthly direct debits and standing orders e.g. bank charges, drawings

I just found a duplicate idea that has many more votes... if you want to move forward to idea of being able to "bulk OK" pre-matched transactions, please consider voting/commenting on this idea instead: https://productideas.xero.com/forums/939198-for-small-businesses/suggestions/44988634-reconciliation-bulk-ok-for-reconciling-bank-tr

To everyone who has commented on this idea, please get all your team members to upvote it! It only has 36 votes right now, this needs to increase for Xero to prioritise it. Thank you!

The latest comment on here from Xero is very disappointing. As per other comments, I literally have to pay someone to click "OK" on thousands of transactions. Please give us the option to automate this ASAP!

Just wondering if anyone from the Xero Team actually uses Xero on a daily basis?

If you imagine someone having to reconcile 400 transactions a day, you would expect (roughly) someone to be clicking the OK button, every minute of every hour of every day for an entire 5 day working week. That might be great if you're a business which has hundreds of employees, but as a small business it is debilitating.

Xero is supposed to help businesses with their accounting and to break down those barriers, not put them up!

An option on bank rules to automatically post bank entries that match the rule. We have some clients who are purely run from bank statements, so these would save us an enormous amount of time.

Also searching for how to automatically apply spend rules. Totally seems pointless to need to re- confirm thousands of bank transactions where a rule was created. Not sure I even see the benefit of creating a rule in the first place. XERO you're falling well behind your competitors here and we're considering switching for this simple item Im employing someone to click a button thousands of times and it's far from practical. Nearly 18mths since the first feedback on this item and still no progress

It would be great to have a tick box (or similar) in each rule so you can choose if you want it to auto-reconcile or not. By default it should be ticked, but with the option to untick.
For example, i think for some clients it would be good for them to still review and click "ok", but there's others with a large amount of transactions that would really benefit from auto-reconciling rules.

any update on this we also need this, I'm not going to reconcile 1,000 strip transactions a week by clicking OK when the rule should just auto apply it.

I work with both Xero and QBO and the QBO feature to auto apply a rule is really great. Supper time saver. I really think Xero should up their game on this and allow the option to auto apply the rule.

Having to click OK on applied rules- does speed up reconciliation, however, automated rules for daily regular transactions would certainly further improve removing the time spent having to click OK! I have just began using Xero and currently I think this is a significant oversight in the continual improvement of development to this platform.