Bank reconciliation - Improve Xero AI to also include Amount
Xero AI prompts the wrong General Ledger account for transactions coming through my Bank Feed.
I have a two monthly payments for different types of insurance from the same Insurance company processed through my bank account. The transaction amount differs based on the insurance type but is the same each month in a 12 month period, only going up by CPI. So in a particular month I will get two transactions: 1. Insurance Company ABC $200.00 for PIPL insurance, which goes to my GL account for PIPL Insurance and 2. Insurance Company ABC $ 130.00 for Business Insurance which goes to my GL account for Business insurance.
The Xero AI always pre-populates both transactions to my PIPL insurance GL account, and I have to correct it.
Xero AI should be smart enough to also match transactions by amount based on historical transactions and see that they are going to different GL accounts.
Andrew Dezelak
shared this idea
Hey Andrew,
Thanks for sharing your product idea! Find & Match in Xero already includes logic to suggest a matching transaction by comparing the amounts. It sounds like there may be some other logic set up in your reconciliation that’s suggesting the wrong transactions in error.
Since this is already available in Xero, I’ve marked your idea as delivered. I’d really encourage you to chat to our support team on this one, they’ll be able to assist with understanding why your transactions are being reconciled in this way 😊
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Urvish Chauhan
commented
Xero Assistant will helping in bank coding suggestion smartly, remined some imp task , and also giving helpful suggestion in working in all segment. So I am Exited to Use Xero Assistant.