Bank Reconciliation - Ability to merge bank accounts
If a Xero client has a credit card that is cancelled due to scam or new card etc, the only option is to create a new bank feed for the card so you can continue to get the data. In this instance, you end up with two bank accounts on your Xero file, both with a balance. At the moment, you can only do a transfer to move 1 balance to the other, than archive the one not needed. It would be nice to be able to merge the two together so that the balance works and the transactions stay together as they are technically the same account. This only seems to occur with credit cards so far that I have seen.
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Charlie Driver commented
This is surely a basic feature that Xero should offer. I am disappointed that it is not avaiable.
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Michael Wills commented
Data conversion from Qbooks brought in my bank account, but when connecting to my bank, I was not given the choice to connect the feed to that account! The only choice was to create a new account, which created a second account and thus the need to merge. Could easily been avoided, I simply allowing me to choose the account that already existed.
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Karen Soxsmith commented
I honestly thought this would be a standard feature and have only just now found it's not. Unfortunately have to go with the workaround of transferring the balance, archiving the old account and working with the new.
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Koren Wilson commented
Would be great to be able to merge bank accounts once you have an activated feed from previously user entered entries.