35 results found
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Bank Reconciliation - Allow Bank Transfer Rules to automatically reconcile both sides of a transfer
Similar to how "isReconciled" is supported by the API, allow it to be specified for the from/to account when creating a Bank Transfer rule. This would simplify the transfer process from external sources that are reconciled outside Xero.
23 votesHi team, we appreciate further contributions here.
We'd like to provide an update to highlight automatic bank reconciliation powered by JAX.
This feature can help reconcile transfers between your own bank accounts - When turned on for both bank accounts involved, Xero will identify high-confidence transfer matches as new statement lines are imported. It will reconcile the transaction in each bank account, reducing the need to reconcile each side manually.
Worth noting that this will only apply to new statement lines imported after activation, and transactions where JAX isn’t confident will still need to be reviewed manually.
Thanks again for helping us improve bank reconciliation in Xero.
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Bank Feed - Cynergy bank
For Xero to expand their bank feed connections to develop feed that supports Cynergy bank
52 votesHi everyone, happy to return and confirm that Cynergy Bank (UK) is now available to add and connect your bank account!
Just to confirm as I know there's a bit of interest around the account types - Supported accounts include all current accounts and bonds, savings and saver accounts.
Thank you all for sharing your support in this development here.
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Bank feed - Unity Trust bank feed
For Xero to expand their bank feed connections to develop feed that supports Unity trust bank
59 votesHi team, we now have a direct feed for Unity Trust Bank! You can connect Retail, Personal, Business, and Corporate account types with this feed, and your transactions will import daily.
We really appreciate your support and sharing with us on your interest for this feed here in Product ideas.
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Bank Feed - Peoples Security Bank and Trust
For Xero to expand their bank feed connections to develop a feed that supports Peoples Security Bank and Trust - https://www.psbt.com/
13 votesHi team, this one slipped through cracks but I'm happy to share that we've released a feed for Peoples Security Bank and Trust!
You'll just want to search 'Peoples Security Bank and Trust' when setting up your bank account in Xero and should find this option to connect.
If you have any issues, just get in touch with our team through the 'Need help?' option within the top right of Xero Central. ☺️
Thanks so much for sharing how a feed for this bank would be of use to you all here.
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Bank | Reconcile period - Ability to delete draft period
Thanks for adding this feature. I'm trying it and I noticed that if you copy and paste a value with a $ in it, it will not paste properly. Sometimes when you copy paste opening or closing balances from PDF it copies including the dollar sign.
Please allow to paste the value with the $ in it.
Also, there doesnt seem to be any way of deleting a draft period. Please consider adding a small garbage bin icon in the period list and inside the period.
Thanks!
32 votesHi team, our team have been making a few recent changes in this space and I'm pleased to share this is now possible.
You can delete a draft period when you need to start again, have made a mistake, or no longer need it. From the Reconcile Period list, simply select the delete icon next to the draft and confirm the deletion. The draft will be removed, while reconciled transactions and their matched status remain unchanged.
Worth noting that closed periods can’t be deleted. We hope this gives you more control over your reconciliation workflow and keeps your period list easier to manage. Thanks!
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Automatic bank statement
It would be nice to have automatic bank statement transfers, as a customer why I got Xero is to spend less time with these manual things and let my bookeeper handle everything. But now I still have to manually email 10 statements a month to Hubdoc and that is still precious time lost on things I hate to do
1 voteHi Iadan, I'd recommend connecting with your Bookkeeper to see if bank feeds could automate this process for you.
As suggested (thank Anthony!) Xero connects to many banks and can automate the import of bank statements with bank feeds.
They can reach out to our Xero Support team through Xero Central if they need a hand.
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Chart of Accounts - Import new accounts from csv
Please give the option to import a list of new accounts to add to the existing Chart of Accounts.
We have created a new department with a couple dozen new accounts.
I'd like to be able to upload from a csv file rather than entering one by one manually since I already have the listed in a spreadsheet.
Currently, the only option is to reimport the entire Chart of Accounts with the new accounts added to the list. To me that is an unnecessary risk of overwriting hundreds of existing accounts.5 votesAppreciate your interest in this idea, team. I want to confirm that it's possible to import multiple new accounts to your existing chart of accounts through the use of a CSV import.
You'll want to export your existing chart of accounts, where you can add the new ones to the sheet. Save this as CSV, then re-import to your organisation - We have information on importing to your chart of accounts here, and you can test in the demo company if you'd like to try this out and view the results first.
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Demo Company (US) - Add the Reconcile Period feature
It'd be great if the new bank reconciliation feature called Reconcile Period was available in Demo Company (US) so we could test it out without impacting live data.
2 votesHi team, thanks for sharing how having reconcile period in the demo org would be useful to you.
I'd like to confirm this has been implemented and you'll be able to test the Reconcile period when using a US emo organisation.
The only thing to note is that in the demo org periods are not pre set so you'll just need to create your own. 😊
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Bendigo Bank logo
Can you please update the Bendigo Bank logo to the new and updated version.
Xero currently uses the old logo.
3 votesHi team, thanks for your feedback and supporting this idea. I'm pleased to share that as part of a wider change we have recently released the Bendigo logo has also been updated across Xero and you should see this reflected in your organisation.
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Bank Reconciliation - Navigate to top of page when moving between page
When Reconciling a large bank feed It would be good if the page went back to the top so that we did not have to scroll up every time.
At the moment when you get to the bottom and page forward it stays at the bottom of that screen3 votesHi team, rounding back to this idea and testing, it appears this actually may have been resolved when we released updates to Search and Filter within the Reconcile screen.
Now, when you scroll to the bottom of the page, and navigate between pages of statement lines you'll automatically be taken to the top of the following page.
If this is not the behaviour you're experiencing we'd recommend connecting with our specialists at Xero Support for a closer look in. Thanks!
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Reconciliation - Manually mark as reconciled multiple items at a time
There are some cases where banks do not have feeds available and the items posted as received or paid from these banks must be reconciled on an individual basis which takes a lot of time!
We need a reconcile all or a tick box system down the left hand side to be speed this reconciliation process up. I have many clients with these manual banks and it's extremely time consuming marking everything individually as reconciled.15 votesHi team, this is already possible. However you'll need to enable the mark as reconciled option on the Account Transactions tab of the bank account. If you click on the '?' icon in the top right of the blue banner you'll see an option to switch this on. Once turned on you can check the lines you need and select the More option where you'll be able to bulk Mark as Reconciled or Unreconciled. 😊
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Bank Reconciliation - Recording refund through bank reconciliation tab
Recording refund through bank reconciliation tab rather than doing a cash refund on the bill/invoice
58 votesHi community, thank you for your value inputs and feedback here. We recently released the ability to reconcile credit notes meaning you can easily match a refund for your customer without needing to apply this separately to the credit note and then search for the refund payment to reconcile.
You'll find you can now search and select Credit Notes through Find & match when reconciling. When you reconcile a credit note this will apply a refund to the credit note transaction in Xero. Find out a little more on how this works on Xero Central, or dive into the demo company to try it out first 🙂
We appreciate this doesn't currently accommodate if you have created an overpayment for the original amount and we have a separate idea you may like to support for this here.
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History & notes - chart of accounts
It would be great (if not already available - I can't find it) to get an audit report whereby we can see changes made to a set of accounts after they have been submitted.
4 votesHi community, we have now released a change to the History & notes report so you can view changes to the Name or Type of an Account on screen, without having to click into the line of the report. This includes where you have updated chart of accounts via an import.
Thanks for sharing and feeding back what would help you working with Xero, here.
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Upload files to a chart of account code
Upload files to an account code in the chart of accounts, rather than to a transaction or a contact. Thinking in particular for lease and loan schedules and calculations, breakdown of accruals / prepayments, pdf bank statements to bank accounts.
1 voteHey community, 👋 thanks for your support on this idea, I'm popping in to switch it across to delivered!
Simply click on the figure in the YTD column on the chart of accounts screen and it opens a detail page with the file upload button on it.
Thanks again for your feedback. It helps us to continue shaping the future of reports here at Xero.
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Chart of accounts - Ability to use a - not a in codes
Codes are set up as ***-yy which isn't logical to type. I guess it's an accounting convention but I can type 501.50 much easier (one hand on the numeric keypad and no need to move it to the'-') than 501-50.
For non-accountants, and IT people 501.50 is the logical way to type and enter these codes.
2 votesHi Kevin, you can use symbols including '-' or '.' when setting up your chart of account codes. This applies when importing or adding a singular account within Xero. If you need any help with this I'd recommend connecting with our specialists at Xero Support who can get more information to help with your org.
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Navigation | Bank Accounts - Drag and drop accounts to move
In Accounting and Bank accounts, i would love to be able to drop and drag bank accounts to put them in order, Currently you have to click each account to move it to where you need it. This is fine if you only have 10 or under bank accounts but if you get to over 100 plus it's a very slow process
2 votesHi Nicola, I know it's been sometime since you originally started this idea, however I'd like to confirm that this is now possible.
From the bank accounts page if you click the 3 dots in the top right and Edit account order you'll see a modal where you can easily drag and drop from the 6 dots to change the placement of your bank accounts. 🙂
Thanks for feeding back to us how this would help.
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Bank Reconciliation - Reconcile against Statement
We would like the ability to reconcile transactions against a statement in addition to just reconciling from the bank feeds.
There have been so many issues with bank feeds, that often we find the statement balance does not match Xero. The issue with running the reconciliation report is that some banks will have some transactions from the closing date in the current statement and some of them on the next statement. The only way for us to break it out and match the balance is to export transactions to a spreadsheet and then change the date of those transactions in…
80 votesHey everyone, thanks for your patience! We're excited to announce that period reconciliation is now available for all US and CA organizations.
As per my last update, you'll find a new "Reconcile Period" tab within your bank accounts. If you have the Standard or Advisor role, you can easily enter the statement period dates and balances. Xero will then automatically display and select all transactions within that timeframe. Once you've reconciled the period, you can close it to ensure no transactions are accidentally deleted or unreconciled.
We know that many of you in other regions are also keen to access this feature. So we can track this separately, I've created a new idea and have added all users that had voted here (outside of CA and US) to. If there are any updates we will share news with you all there.
Thanks for your feedback!
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bank rec
Would be helpful if it showed a running total for the bank on the bank rec just to check the bank is correct
2 votesHi team, as mentioned in my last update there are already means to view your balances when reconciling.
Currently from the Reconcile screen of a bank account there is the Balance in Xero shown at the top that updates as you reconcile.
Account Transactions will also show the running balance of the accounts selected.
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Date Order of Account Transactions
In 'Account Transactions', it would be useful to be able to specify the date order - latest first or, as now, oldest first.
1 voteYou can click the Date header in the Account Transactions tab of the bank account to sort by Date, Gordon.
Clicking once will sort newest-first and a second click will switch the order to oldest-first.
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3 votes
Hi team, you can already set up a loan as a bank account, or as a non-current liability in Xero. We have some help on this in Xero Central.
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