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Automatic bank reconciliation beta

Welcome to our forum for sharing feedback on our new automatic bank reconciliation feature currently in beta.

You can provide feedback on your experiences and share ideas for how we can improve automatic bank reconciliation.

Automatic bank reconciliation beta

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3 results found

  1. Since the new auto-reconcile function arrived, it's saved me lots of time, but I have had a few transactions coded incorrectly.

    I want to be able to check that all transactions are being coded to the correct place. I think it would be easier and save time if there could be a line added to show which account each transaction has gone to. e.g., Fuel, purchases, entertainment, etc.

    This way we don't have to open up each transaction to double-check; it can just be viewed from the main transactions page.

    4 votes

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    1 comment  ·  Admin →
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    Hi Kathryn, while not on the Account transactions tab, you can view the account for any transactions that have been reconciled through automated bank reconciliation if you click on the 'View all Reconciled' button above your statement lines on the Reconcile page. (I attached a screenshot for reference). Does this give enough of the information you need here?

  2. Auto Bank Reconciliation works for me - BUT I like to send receipt to paying customers.
    Sometimes it reconciles and doesn't TELL ME that a customer has paid !
    I actually chased someone for payment last week who had already paid - But Auto-Reconcile hadn't told me !

    3 votes

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    Thanks for your feedback, Andrea. Just to check so I can share back with the team appropriately - In terms of the auto reconciled transaction was this for a payment reconciled to an invoice in your organisation?

  3. Currently, when a supplier invoice is recorded in one currency (for example, INR) but the payment is made from a foreign-currency account (such as USD), it can be difficult to reconcile the transaction smoothly. It would be very helpful if Xero allowed reconciliation of a payment made in USD directly against an INR supplier invoice, with automatic handling of exchange rates and clear tracking of any realised currency gains or losses.

    This feature would be especially valuable for businesses working with international vendors and multi-currency bank accounts, as it would reduce manual adjustments and improve reconciliation accuracy.

    2 votes

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    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 🙂

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