UK Payroll - Group spend money transactions when paying multiple employees
When paying employees, instead of having 50 payments go through your bank account, its a bulk payment instead. One total payment (like a bulk payment made through your bank account where you get 25 payee's grouped together - Only the grand total shows in your bank account).
Making the accounting in Xero easier, also if Audited, quicker for checks.
Emma Smith
shared this idea
Thanks so much for sharing this idea. Whether your payroll appears as a single bulk total or individual lines depends entirely on your specific bank and the type of payment method you use (such as BACS vs. Faster Payments). Ultimately, whatever is recorded on your official bank statement is exactly what gets imported into Xero as a bank feed line.
That being said, we completely understand the request for Xero to automatically group these matching lines together on the reconciliation screen, or to provide a feature that allows you to reconcile all of them at once.
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Kate Livingstone
commented
It is surprising this is something we need to request.