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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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  1. When a new Paypal account is created in Xero and it's integrated with Paypal for bank feeds, all transactions from all the currencies appear in one bank account. However, when due to any reason, this Paypal account in Xero is disconnected from automatic feeds, and is reconnected, all of a sudden Xero pushes to create a new bank account for each currency in Paypal.

    It will be very helpful if there's at least an option to either have one bank account for all Paypal currencies (just like it's done in the first time integration), or have a separate bank account…

    2 votes

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    0 comments  ·  Bank feeds  ·  Admin →
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     ·  System responded

    Thanks for submitting your idea on Xero Product Ideas. We appreciate you taking time to let us know how we could improve Xero for you.

    Your feedback will soon be reviewed by our Community team, and in the meantime this can begin to build support with votes from other community members.

    If you're interested to see recent releases or get a pulse on what's coming soon see The Long and Short of it. 🙂

  2. Scenario..
    Bank feed shows Spent £46.51 which comprises
    a) spend £100 customer refund
    b) receive £53.49 customer sale
    However the sale figure is to be posted on account to prepayments as the good have not yet been dispatched and VAT invoice not yet raised (we are a brewery using another sales software to account for alcohol duty so invoices come across when goods dispatched).

    It would be helpful therefore to have spend/transfer/receive in the New Transaction dropdown list.

    2 votes

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     ·  System responded

    Thanks for submitting your idea on Xero Product Ideas. We appreciate you taking time to let us know how we could improve Xero for you.

    Your feedback will soon be reviewed by our Community team, and in the meantime this can begin to build support with votes from other community members.

    If you're interested to see recent releases or get a pulse on what's coming soon see The Long and Short of it. 🙂

  3. Add posting account details on bank statement or account transaction windows. I think this would be very helpful for verifying 'auto-reconciled' accounts efficiently and timely.

    2 votes

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     ·  System responded

    Thanks for submitting your idea on Xero Product Ideas. We appreciate you taking time to let us know how we could improve Xero for you.

    Your feedback will soon be reviewed by our Community team, and in the meantime this can begin to build support with votes from other community members.

    If you're interested to see recent releases or get a pulse on what's coming soon see The Long and Short of it. 🙂

  4. from pdf or excel bank statement to bank feed directly in the system or convert to csv file.

    3 votes

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    0 comments  ·  Bank feeds  ·  Admin →
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     ·  System responded

    Thanks for submitting your idea on Xero Product Ideas. We appreciate you taking time to let us know how we could improve Xero for you.

    Your feedback will soon be reviewed by our Community team, and in the meantime this can begin to build support with votes from other community members.

    If you're interested to see recent releases or get a pulse on what's coming soon see The Long and Short of it. 🙂

  5. Recently, the bank feeds have started suggesting that I create a new contact "Choice" for automated superannuation payments - payee contains "SuperChoice" - for all my clients, who all already have a contact named "Superannuation" or similar. This is DUMB, and wastes my time every payrun (thank you payday super) because I can no longer just click OK.

    Get the autosuggest to look at what is normal in the datafile being worked on, and suggest contacts that already exist, before suggesting the creation of new ones.

    2 votes

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    0 comments  ·  Bank feeds  ·  Admin →
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     ·  System responded

    Thanks for submitting your idea on Xero Product Ideas. We appreciate you taking time to let us know how we could improve Xero for you.

    Your feedback will soon be reviewed by our Community team, and in the meantime this can begin to build support with votes from other community members.

    If you're interested to see recent releases or get a pulse on what's coming soon see The Long and Short of it. 🙂

  6. There should be an option to view all bank accounts feed at once so you can search for a specific transaction at once across all bank accounts

    2 votes

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    0 comments  ·  Bank feeds  ·  Admin →
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     ·  System responded

    Thanks for submitting your idea on Xero Product Ideas. We appreciate you taking time to let us know how we could improve Xero for you.

    Your feedback will soon be reviewed by our Community team, and in the meantime this can begin to build support with votes from other community members.

    If you're interested to see recent releases or get a pulse on what's coming soon see The Long and Short of it. 🙂

  7. Reconciliation - Ability to reconcile clearing, control, and non-bank accounts in Xero
    Ability to reconcile clearing, control and non-bank accounts in Xero.

    Purpose: To save time rather than having to copy and paste into excel to reconcile the balance.

    I think this ability in Xero is lacking and other software provided have this standard.

    2 votes

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     ·  System responded

    Thanks for submitting your idea on Xero Product Ideas. We appreciate you taking time to let us know how we could improve Xero for you.

    Your feedback will soon be reviewed by our Community team, and in the meantime this can begin to build support with votes from other community members.

    If you're interested to see recent releases or get a pulse on what's coming soon see The Long and Short of it. 🙂

  8. I would like to filter reports based on a bank account where there are multiple bank accounts

    2 votes

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     ·  System responded

    Thanks for submitting your idea on Xero Product Ideas. We appreciate you taking time to let us know how we could improve Xero for you.

    Your feedback will soon be reviewed by our Community team, and in the meantime this can begin to build support with votes from other community members.

    If you're interested to see recent releases or get a pulse on what's coming soon see The Long and Short of it. 🙂

  9. The current Xero set-up does not allow the user to change the start date for a bank feed once it has been activated. The start date must be input during the initial set-up and if missed (since it defaults to current date) or is mistyped in error you have to upload historical bank data by CSV. An option in the Bank Account menu to enter an earlier start date would be very useful. Failing that, remove the default so you have to input a start date at initial set-up and a question coming on after that to double check that…

    1 vote

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    0 comments  ·  Bank feeds  ·  Admin →
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    Hi Sanjit, appreciate if missed this can result in extra manual work to back date and import older statement lines to your bank account in Xero.

    Enabling the ability to change the start date once set up does create quite a few complexities, however I've slightly altered the title of your idea to reflect the behaviour of setup and we'll start to get a wider sense from the community in this here.

  10. Being able to give permissions see Reconciliation account and reconcile transactions without having to give bank statement or account transaction tabs

    1 vote

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    Appreciate your raising this with us here, Katie. To get a better understanding of your business needs and how this role would be useful to you can you share any further insights?

    Right now, as both the detail from statements and account transactions are surfaced in the Reconcile tab it'd be good to understand why you'd like to restrict this access for some users.

  11. When in a supplier - have the option to print Remittance Advices for the supplier
    (Currently you need to go into bank, find transaction in Account Transaction, open, click on options then view Remittance
    or alternatively have option to view remittance directly after updating "match".
    There definitely needs to be an easier way to access this report.

    Following on this
    When the Remittance is printed - should the payment match be split between branches but SAME supplier i.e one payment split between 7 branches, the Remittance prints matching per store (which is perfect) but somewhere on the Remittance Report needs…

    1 vote

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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 🙂

  12. Add a consolidated bank balance widget to the Xero dashboard. I’d like a widget on the Xero dashboard that shows the combined balance of all (or selected) bank accounts at a glance. The current dashboard only shows individual bank account widgets. A consolidated view would save time and make it much easier to monitor overall cash flow.

    1 vote

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    Thanks for raising this suggestion. A consolidated bank balance on the dashboard could make checking overall cash availability quicker and easier, without needing to work through individual account balances.

    In the meantime, you can find a combined view of bank account closing balances in the Bank Summary Report under Accounting > Reports. This idea is now marked as Gaining Support. Keep voting and sharing your feedback so we can continue to understand how this type of dashboard view could support your daily workflow.

  13. In chart of accounts create filter listing items greater than 0 t allow a succinct list pertinent to your codes. The filter could be applied to all columns to allow greater flexibility.

    1 vote

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    Hi Steven, a filter to show only accounts with balances could make the Chart of Accounts easier to review, particularly for organisations with a large number of accounts.

    In the meantime, the Trial Balance report can be used to hide zero-balance accounts and show the accounts with activity.

    I’ve updated the status to Gaining Support so we can continue tracking interest. If this would improve your workflow, add your vote and share your feedback.

  14. For Xero to add back the bank feed connection for Discover Bank.

    1 vote

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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 🙂

  15. When reconciling bank statement lines, Xero sometimes automatically selects suggested matches (such as invoices) that may not be correct. If I use the Create tab to record a prepayment, the previous suggested match remains selected. This increases the risk of reconciling to the wrong transaction, as I have to manually untick the incorrect match before reconciling.

    It would be much more intuitive and safer if, after creating a prepayment, Xero automatically cleared any previously selected matches so that only the new prepayment is selected for reconciliation. This change would reduce errors and make the workflow more efficient.

    1 vote

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    Appreciate you sharing this, Donna. The idea is to automatically clear any selected Match items when creating a prepayment during reconciliation, so they can't remain selected by mistake.

    I’ve moved this to Gaining Support so we can continue gathering feedback. How would you expect this to work in Xero?

  16. On the Reconcile screen, if you click the 'Add details' button for a transaction that doesn't have a suggested contact, Xero will autofill the 'To' field for the new transaction with the statement line Payee field. This is true whether or not that field matches an existing contact name and Xero doesn't indicate new contacts in any way.

    I would like the option to restrict this autofill to only use existing contact names, or turn it off entirely. I have a lot of contacts where the Payee field is slightly different than the contact name in Xero and this autofill…

    1 vote

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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 🙂

  17. Please add the feature so users can navigate side to side and up and down by holding tab while using arrow keys in the Reconciliation screen, especially in the table under add details on a transaction

    1 vote

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    Thanks for your feedback here, Carver. As you may have found this feature is now available within invoicing, purchase orders, quotes and the quick view for bills.

    We'll keep an eye on the interest around this in the Bank Reconciliation space here and I'll share if there are any updates.

  18. Bank feed for KEB Hana Bank Global.

    1 vote

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    0 comments  ·  Bank feeds  ·  Admin →
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    Thanks for sharing your idea about adding this bank feed to Xero, and for letting us know how it would make managing your finances easier.

    We’ve reviewed your idea, and we’d now like to get a sense of the support for this from the community. Feel free to share it with colleagues who’d also find this bank feed useful, so they can add their support too. Community members can also comment on the idea to share more detail about how adding this bank feed could improve their experience with Xero.

  19. During bank reconciliation we deal with many customers that slightly over/underpay their invoices, which makes it necessary for us to create overpayments often.
    Suggestion: when a payment is partially matched during reconciliation (the user has checked one or more invoices to match with the same contact) and the user selects 'New Transaction' to allocate the remainder, Xero should prefill the contact field with the same contact that the user has already matched.
    Reason: Xero makes it a bit too easy to accidentally create new contacts when a user types into the contact field, sees the correct contact showing, but does…

    1 vote

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    Thanks for sharing this idea with the Xero community. We appreciate the time you’ve taken to explain your suggestion for carrying the contact from a matched invoice or bill through to an additional transaction during bank reconciliation. We’re moving this idea to Gaining Support so we can gauge community interest and hear from other customers who would find this useful in their day-to-day workflows. Votes and comments help us understand how broadly an idea would benefit the community and allow others with a similar need to add their support. If this idea would be valuable to you, please vote for it and share any additional feedback or examples in the comments.

  20. Have a total for each of the spent & received columns in the Fast coding screen. When the checkbox is ticked the total decreases and vice versa. Have a print button to print the data.

    2 votes

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    Thanks for sharing this idea. Adding visible totals for the Spend and Receive columns in Cash Coding, with the totals updating as rows are selected, would make it easier to review and reconcile transactions. A print option would also help users retain or review the coded data outside Xero.

    We’re moving this idea to Gaining Support so we can better understand how broadly this would help. If this would improve your workflow, please vote for the idea and share details about how you would use the totals or print output.

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