Allocate Spent Money to supplier invoices issued at a later date
Allocate spent money to supplier invoice raised at a later date -We pay our electricity monthly by direct debit - we may have 6-9 payments that have been reconcilled as spent money as the next supplier invoice has not been received. It appears you have to remove & redo the reconcilliation rather than having a facility to allocate that spent money to the invoice. This is incredibly time consuming and should be a facility available.
Kevin Moore
shared this idea
This is a bit backwards to the intention of what spend money transactions are designed for, Kevin.
Is there a reason reconciling the payment as a prepayment couldn't work for you here? This way when the bill is received and entered in your org you can allocate all the credit from those prepayments to the single bill without remove & redo.
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Donald Brown
commented
Cherry suggested I add my comment on this stream though it may be a different problem. When a customer pays their invoice by credit card, it is included in a single bank deposit with all the other credit card payments from that day. Xero has no way of reconciling the invoice payment in that bank deposit. I am required to enter the deposit minus the invoice ammount. Then combine the deposit with the invoice using the FIND & MATCH in the reconcile window. This is cumbersome and brings manual math mistakes into the process.