Recap Transaction
Recap Transaction is an essential feature in any accounting software. With a single click, it shows all details of a transaction including which accounts are debited and which are credited. This eliminates the need to sift through lengthy journal reports to locate specific transactions.
Sandy Gampel
shared this idea
Hi Sandy, it'd be good to get a bit more understanding of the common situation and where you'd like to be able to view this option from. For example would you generally be looking at the transaction from the Bank account, or another page in Xero? Can you share any detail about situations that lead you to this? It may help others associate with your idea here and our product team understand the pain points or consider possible solutions.
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Sandy Gampel
commented
The Recap Transaction feature immediately shows the double-entry impact of a transaction while it is being created, or after it has been posted. Currently the only way to check which accounts are debited and credited is by going to the journal report and wading through (sometimes hundeds) of transactions to find it. 'Recap Transaction' would prevent posting errors by clearly showing which accounts are debited and credited before a transaction is approved. It will ensure invoices, bills, credit notes, refunds and overpayments etc. are coded correctly the first time. It would improve accuracy and give users complete double-entry visibility directly inside the transaction screen, especially across complex transactions. The best way to see an example is by referring to MYOB's Recap Transaction feature.