Automatic bank reconciliation beta

5 results found

1. Enable JAX Auto-reconcile for inbound payments only

   JAX performs well for inbound transaction reconciliation, but its handling of outbound transactions generates enough misallocations that any time saved is lost through manual re‑allocation. Because there’s no way to differentiate between inbound and outbound transactions, we’ve been forced to disable JAX.
   A simple option to enable JAX for inbound transactions only would make the feature far more usable in practice.

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   Idea review  ·  AdminKelly Munro (Community Manager, Xero) responded

   Hi 👋 your idea is being looked into by our Community team. We'll be in touch soon to update you once your idea has been reviewed.

   Did you know you can join our Xero Research panel to be involved in early testing and research? Find out more and sign up through our website 🙂

2. Enhancement Request for Transactions Reconciliation and Cash Coding

   Dear Xero Product Team,

   I hope this message finds you well. I would like to propose an enhancement to the reconciliation process within Xero that I believe would significantly improve efficiency for all users.

   Currently, when reconciling transactions, it can be quite time-consuming to match multiple received payments or spent amounts against their corresponding invoices or bills. To streamline this process, I suggest implementing additional filter options on the Bank Accounts page, specifically under the “Reconcile” tab.

   Here are the key enhancements I propose:

   1. Filter Improvements: Introduce separate fields for "Spent" and "Received" amounts, as well as for "Bill Numbers" and "Invoice Numbers." This separation will allow for clearer visibility and easier tracking of transactions.

   2. Multi-Selection Capability: For each transaction listed, include a checkbox on the left side. This will enable users to select multiple transactions at once, facilitating bulk allocation or reconciliation against their respective invoices or bills. As an illustration, if a large invoice is generated for 500K or 600K, users often have to match numerous individual payments, which can be tedious and time-consuming. This proposed change will help reduce the manual effort involved.

   3. Cash Coding Tab Enhancements: Similar to the Reconcile tab, I highly recommend adding fields for invoice or bill numbers in the "Cash Coding" section. This addition will enable users to quickly allocate multiple payments to the relevant invoices or bills as needed.

   I am confident that these modifications will significantly reduce the time and effort required for reconciling transactions, thereby facilitating a more seamless and user-friendly experience for all stakeholders utilising Xero. If needed, I am open to discussing this further to clarify my suggestions. Please feel free to contact me by phone for a more in-depth conversation.

   Thank you for considering this enhancement. I am confident that it will benefit many businesses using Xero.

   Best regards,
   
   Waqar Ahmad

   Dear Xero Product Team,

   I hope this message finds you well. I would like to propose an enhancement to the reconciliation process within Xero that I believe would significantly improve efficiency for all users.

   Currently, when reconciling transactions, it can be quite time-consuming to match multiple received payments or spent amounts against their corresponding invoices or bills. To streamline this process, I suggest implementing additional filter options on the Bank Accounts page, specifically under the “Reconcile” tab.

   Here are the key enhancements I propose:

   1. Filter Improvements: Introduce separate fields for "Spent" and "Received" amounts, as well as for "Bill Numbers"… more

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   Idea review  ·  AdminKelly Munro (Community Manager, Xero) responded

   Hi 👋 your idea is being looked into by our Community team. We'll be in touch soon to update you once your idea has been reviewed.

   Did you know you can join our Xero Research panel to be involved in early testing and research? Find out more and sign up through our website 🙂

3. Match Xero Me before Auto-Reconcile

   Have been having issues with auto reconciliation matching against bank fees but overlooking pending items from Xero Me. Should look for matching items from Xero Me first, before creating new item to match bank fees.

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   Idea review  ·  AdminKelly Munro (Community Manager, Xero) responded

   Hi 👋 your idea is being looked into by our Community team. We'll be in touch soon to update you once your idea has been reviewed.

   Did you know you can join our Xero Research panel to be involved in early testing and research? Find out more and sign up through our website 🙂

4. Files Upload from the File Folder

   Upload Files from file folder by dragging it into the transaction/reconciliation field, and not having to click on the icon, then choose from PC or Xero files. Such a waste of time!

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   Idea review  ·  AdminKelly Munro (Community Manager, Xero) responded

   Hi 👋 your idea is being looked into by our Community team. We'll be in touch soon to update you once your idea has been reviewed.

   Did you know you can join our Xero Research panel to be involved in early testing and research? Find out more and sign up through our website 🙂

5. Feature Request: Reconcile Unreconciled Transactions from Search

   I have a suggestion regarding reconciling transactions in Xero.

   Currently, within the bank statements tab, you can search for a specific amount. If that transaction has already been reconciled, you’re able to select it and are redirected to the reconciled transaction details window, where edits and changes can be made.

   However, if the transaction is unreconciled, selecting it does not redirect you to a similar screen. It would be very helpful if clicking on an unreconciled specific transaction from the search results could direct you to the “Add Details” or a reconciliation window, allowing you to reconcile the transaction directly from there.

   Having this functionality would improve efficiency and make it much easier to locate and reconcile specific transactions.

   I have a suggestion regarding reconciling transactions in Xero.

   Currently, within the bank statements tab, you can search for a specific amount. If that transaction has already been reconciled, you’re able to select it and are redirected to the reconciled transaction details window, where edits and changes can be made.

   However, if the transaction is unreconciled, selecting it does not redirect you to a similar screen. It would be very helpful if clicking on an unreconciled specific transaction from the search results could direct you to the “Add Details” or a reconciliation window, allowing you to reconcile the transaction directly… more

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   Idea review  ·  AdminKelly Munro (Community Manager, Xero) responded

   Hi 👋 your idea is being looked into by our Community team. We'll be in touch soon to update you once your idea has been reviewed.

   Did you know you can join our Xero Research panel to be involved in early testing and research? Find out more and sign up through our website 🙂