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Banking & chart of accounts

Customer ideas for bank accounts, bank feeds and chart of accounts

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Banking & chart of accounts

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342 results found

  1. The ability setup repeating spend and receive money transactions would be helpful.

    Thank you

    156 votes

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    Hi team, we appreciate your engagement in the idea here however we want to be open that we don't have any plans for developing repeat spend or receive money transactions atm.

    If you have the suggest previous entries option turned on in your bank account, you may find that overtime Xero suggests create transactions based on your previous reconciliations.

    Alternatively, you could look to create bank rules for these scenarios where Xero will pick up commonalities in your rules to your statement lines and help with reconciliations.

  2. ability to add/upload the bank statement/credit card statement to reconciliation report for future cross checking by accountant

    270 votes

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    Hey everyone, thanks for engaging with this idea about being able to attach PDF bank or credit card statements directly to reconciliation reports in Xero. We know this can help simplify the cross-check process.

    Right now there is the ability to upload statements into the Files inbox where you could create a dedicated folder for these type of files. However we understand the limitation in that this doesn't link them to report as you'd like here.

    Our product team are looking into possible ways to attach files within the banking space and how we might fit it into the reconciliation workflow. It’s early days, and we’ll share an update when there's more news.

  3. In the Find and Match screen, add a filter for a date range rather than having to scroll thru all the outstanding transactions.

    51 votes

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  4. Ability to automatically apply bank rules by default.

    Purpose: To save time from having to manually choose to turn-on bank rules.

    82 votes

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    Heya team, with some of the exploration our team were doing we shifted this idea to Under review a few months ago. However, reassessing current priorities as many here may also be interested in our team are currently in the depths of work for enabling the ability to view more statement lines and providing search on the Reconcile screen

    While this may be something we consider developing for later down the line, it's not something we have plans for atm and we'll shift back to Submitted to continue monitoring the interest here. Thanks 

  5. Ability to untick the option of ‘Show currency items only’ by default.

    Purpose: To avoid confusion especially for users who are dealing with multiple currencies.

    57 votes

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    Thanks for your feedback and for sharing your thoughts on this idea. We understand having to untick the "Show (currency) items only" adds extra clicks and slows you down. Our current default setting is designed to help prevent common reconciliation mistakes. Most users primarily reconcile transactions in their local currency, so defaulting to that view helps keep the screen less cluttered and reduces the risk of accidental mismatches with foreign currency transactions, which can be complex. For now, the process is to untick the "Show [currency] items only" box whenever you need to reconcile a foreign currency transaction. We know this isn't a perfect solution for everyone, but we wanted to provide some context on why the current design is in place. We'll continue to listen to your feedback and will let you know if anything changes. Thanks for being part of the Xero community!

  6. Ability to display customer names when users reconcile batch payments.

    Purpose: It saves users’ time from having to open the payment individually to check the customer’s name.

    99 votes

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  7. 242 votes

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    Hi everyone, we've been tracking this idea for some years now and truly value all the feedback we've heard on the desire and time saving reducing the manual steps in reconciliation

    would achieve. We completely get wanting to skip that extra ‘OK’ click when you trust the suggested matches.

    We’re excited to share that this idea is now in development. At Xerocon this year we shared automated bank reconciliation - Using JAX to automatically match and categorise your bank transactions with your Xero transactions.😊

    It's in beta already and being tested by a small group of users atm, and as soon as we have more to share on this rolling out wider I'll give you another update here. Thanks again for helping us shape the future of Xero!

  8. Having a ‘Back to top’, ‘Next’ and ‘Previous’ page link options at the top of the page as well.

    Purpose: To save users time from having to scroll the page.

    163 votes

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    Appreciate all the feedback and ongoing support here. We recognise the main areas this has been asked across are invoices, bills, contacts, bank statements, and reports. Also it appears there are some users here that’d like to navigate between pages of a list while others that’d like to open transactions and navigate back to their placing on a list.

    For moving between pages of a list, there are a couple of other features that may be useful, such as;

    • Increasing the # of items that are shown per page (available from the bottom of the page)
    • On many devices you’ll find ‘End’ and ‘Home’ keys that allow you to quickly navigate to the bottom and top of a page which could also save effort in scrolling the page
    • Within reports you’ll find the bottom navigation is now frozen so regardless where you are on the page of a report you’ll…
  9. Allow users the ability to import and export bank rules.

    This would save time having to manually create similar bank rules in Xero, and ease with new client organisation setup

    536 votes

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    Hi community, thanks for your responses to our update and the continued interest this idea receives. We're keeping a watchful eye on the support this idea gathers.

    As mentioned in my last update our immediate focus for now is delivering more automation and intelligent tools to help you reconcile faster.

    However, we understand and appreciate the pain points shared through this idea and will move the status of this to Accepted as our product team look into more details around this and how we might plan this into the roadmap.

    I'll keep you updated of any developments in this space.

  10. To have the ability to restore the deleted account transaction

    Purpose: To save time rather than creating a new account transaction manually again.

    40 votes

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  11. Add an option to remove and redo transactions within the find and recode function.

    Purpose: To simplify users’ workflow from having to recode to another code, or individually search each transaction in account transactions, then remove and redo it again.

    23 votes

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     ·  4 comments  ·  Reconciliation  ·  Admin →
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  12. Ability to have custom text in the ‘set reference’ when setting up Bank Rules.

    Purpose: This will save users’ time when they’re doing reconciliation each week.

    39 votes

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    Hi team, while we appreciate the interest this idea is slowly gaining we want to be open that this isn't a feature planned for the time being.

    We will continue to get a sense of the interest from the community around this and share if there are any changes to update you of.

  13. Adding cash coding into Xero Starter Plan

    Purpose: It will help the accountant's work easier in reconciling their client’s account.

    198 votes

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  14. Ability to make ‘find and recode’ to change/edit the Bank Account involved.

    Purpose: It saves people time from having to redo the complete transactions.

    48 votes

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  15. Ability to send an automated 'Payment received with thanks' email to the customer

    Purpose: To give a professional image to users’ customers/clients, and save time in a current manual process

    536 votes

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    Hi everyone, we totally get how automating the sending of receipts when a transaction is reconciled would free up time and the manual task involved in this activity.

    Though not in the pipeline at present, this is a feature our product team would like to explore more in the future.

    We’ll be sure to update you all again when we are able to look into this deeper. Thanks

  16. Ability to use the cash coding screen to post to a bank account.

    Purpose: It’s time consuming having to tick off each item in the reconciliation screen when there are a lot of transfer transactions

    164 votes

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  17. Adding an undo option when users are doing reconciliation in Xero.

    Purpose: Undo button will make users reinstate the transactions easily if they remove it by mistake.

    31 votes

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  18. Ability to duplicate bank rules.

    Purpose: To save time from having to set up the same bank rule for each bank account.

    139 votes

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    Hi everyone, there’s been plenty of great discussion around this idea, and we get how being able to copy bank rules would take a lot of repetition out of setup work.

    It’s something we’d like to make happen, but with other priorities in this space right now hasn't been something we can add to the roadmap yet.

    It may come to life as part of the ongoing improvements in the Bank Reconciliation area, and we'll defintiely let you know here if there's any progress.

  19. Ability to identify transactions that are transferred between related entity loan accounts that have separate Xero accounts.

    Purpose: a huge time saver for partners who are dealing with multiple Xero orgs.

    26 votes

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     ·  4 comments  ·  Reconciliation  ·  Admin →
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  20. Ability to add account description from statement description when setting up bank rules.

    Purpose: To easily reconcile similar transactions but have different descriptions.

    105 votes

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    Understand wanting an update from us here, everyone. We’ve appreciate your feedback about applying bank rules and how the bank feed description is important to maintain when reconciling.

    While this isn’t in our direct pipeline at present this is a feature we'll consider as we evaluate improvements to bank rules in Xero. We’ll keep monitoring your comments here and update this thread with any development. Thank you for your valuable feedback!

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