Banking & chart of accounts

458 results found

1. Check Images

   It would be helpful if you could provide check images as attachments directly on the corresponding transactions in Xero’s bank feed, with an attachment icon that can be clicked to view the image while reconciling.

   This would be especially helpful when the bank reference tends to only says “Check” or provides limited details. Being able to open the check image from that transaction would make it easier to identify the payee and code the payment without logging into the bank or requesting a copy from the client.

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   submitted  ·  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. For all of us, unlock AR and AP. Every accountant I know has made JE's to these accounts. Please don't make me switch back to Quickbooks!!

   For all of us, unlock AR and AP. Every accountant I know has made JE's to these accounts. Please don't make me switch back to Quickbooks!!

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   0 comments  ·  Chart of Accounts  ·  Edit…  ·  delete…  ·  Admin →
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   submitted  ·  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 "switch bank account" dropdown to Reconcile Period tab

   I appreciate the drop-down menu for quick switching between bank accounts on the top left of the Reconcile, Cash Coding, Bank Statements, and Account Transactions tabs.

   However, this menu is absent from the Reconcile Period tab, which is the one place where it would be most useful. I'm always trying to switch rapid-fire between bank accounts when doing my month-end reconciliations, and need to click out of the tab each time (or return to the Home page) in order to do so.

   Thanks!

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   submitted  ·  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. Terminology for Spend Money vs Receipt

   In the web instance of Xero, you select SPEND MONEY and in the app version you use RECEIPT. Both do the same thing, yet the terminology is different. Having the terminology consistent across the platform is vital for a good customer experience.

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   submitted  ·  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. Feature Request: Bulk Allocation of Multiple Payments Against One Sales Invoice or Bill in Cash Coding

   Feature Request: Bulk Allocation of Multiple Payments Against One Sales Invoice in Cash Coding

   Dear Xero Development Team,

   I would like to bring to your attention an inconvenience in Xero's bank reconciliation process, particularly when using the "Reconcile" and "Cash Coding" features.

   In our business, we sometimes receive hundreds of individual payments against one particular Monthly Sales Invoice. The total amount allocated against a single invoice can sometimes exceed £600,000.

   Currently, we have to reconcile and allocate each individual payment separately against the relevant sales invoice. This is a very time-consuming and repetitive process, particularly when dealing with hundreds of transactions.

   Our Suggested Improvement

   It would be extremely helpful if Xero could introduce an option within Cash Coding that allows users to select an existing Sales Invoice or Bill and then select multiple bank transactions to allocate against that invoice or bill in one go.

   For example:

   Select the relevant Monthly Sales Invoice.
   Select all the individual payments received against that invoice.
   Allocate and reconcile all the selected payments together in one action.
   At present, there is no option within Cash Coding to select an existing Sales Invoice or Bill for this purpose.

   Introducing this functionality would save a significant amount of time, reduce repetitive manual work, minimise the possibility of human error, and make the reconciliation process much more efficient.

   We strongly believe this would be a valuable improvement for many Xero users, particularly businesses that receive a large number of individual payments against a single monthly invoice.

   We kindly request that your development team seriously considers this feature and looks into introducing it as part of a future Xero update.

   We appreciate the continuous improvements Xero makes to its software, and we hope you will consider this suggestion to make life easier for your users.

   Thank you for your time and consideration. We look forward to hearing your feedback.

   Kind regards,
   Waqar Ahmad

   Feature Request: Bulk Allocation of Multiple Payments Against One Sales Invoice in Cash Coding

   Dear Xero Development Team,

   I would like to bring to your attention an inconvenience in Xero's bank reconciliation process, particularly when using the "Reconcile" and "Cash Coding" features.

   In our business, we sometimes receive hundreds of individual payments against one particular Monthly Sales Invoice. The total amount allocated against a single invoice can sometimes exceed £600,000.

   Currently, we have to reconcile and allocate each individual payment separately against the relevant sales invoice. This is a very time-consuming and repetitive process, particularly when dealing with hundreds of… more

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   submitted  ·  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. Add an option to display the base-currency value for foreign-currency invoices directly on the reconciliation screen.

   Add an option to display the base-currency value for foreign-currency invoices directly on the reconciliation screen.

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   submitted  ·  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. Bank Feed – Hong Leong Bank (HL Bank Singapore) ConnectFirst (CF) business accounts

   Request XERO to expand bank feed connections to the Hong Leong Bank (HL Bank Singapore) ConnectFirst (CF) business accounts. This establishment & integration would greatly benefit Singapore businesses & support Xero's growing presence in Singapore.

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   Gaining Support  ·  AdminKelly Munro (Community Manager, Xero) responded

   Hi Ann, thanks for sharing and letting us know the changes that matter most for you.

   We've reviewed your idea and now it's up to the community to get behind and support it. Make sure you share your idea with any colleagues that this could benefit so they can add their vote too!

   Along with votes, other members can now comment to share additional detail about how your idea could improve their experience with Xero.

8. Reinstate the Bank Reconciliation Detail report

   At some point, the Bank Reconciliation Detail report has disappeared. Instructions on how to use it still appear in Xero Central, but the report itself is no longer available. https://central.xero.com/0/article/Bank-Reconciliation-Detail-report

   We use this report at my workplace to assist in identifying which transactions are causing the bank account to not reconcile with the statement - it speeds it up significantly, as compared to going through the bank statement line by line.

   Please reinstate this report.

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   submitted  ·  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. negative

   When using the Reconcile Period function on a credit card, you should not have to enter the beginning / ending balance as a negative. You should be able to designate that bank account as a credit card account in the settings or CoA. And then Xero should automatically know that beginning and ending balances are for a credit card. To manually have to enter as a negative takes an extra thought step and creates room for error. The program should be able to understand a credit card account vs. a checking account. QBO has this part figured out.... Xero should too.

   When using the Reconcile Period function on a credit card, you should not have to enter the beginning / ending balance as a negative. You should be able to designate that bank account as a credit card account in the settings or CoA. And then Xero should automatically know that beginning and ending balances are for a credit card. To manually have to enter as a negative takes an extra thought step and creates room for error. The program should be able to understand a credit card account vs. a checking account. QBO has this part figured out.... Xero should… more

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   submitted  ·  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. 🙂

10. bill entry

    Allow more than 5 Bill entries per month for the lowest tier of plan.

    We are a small NFP and thought we could reduce the time needed to verify and pay our expenses by using Batch processing exported from Xero and uploaded to our bank.

    Only to be stymied in this by a limit of only 5 Bills allowed to be entered each month. I think this is too small a limit and would like to see it increased to around 20.

    We'd probably still have to enter some manually in the busier months, but this would cover most of the year really well and save us a massive amount of time in double entries, and ensure payment errors can not be made.

    We really have no need for all of the additional features that come with the next level of plan, not can we afford the pricing increase to that level, simply to be able to streamline our payments and reimbursements to our members.

    Thanks for considering.

    Allow more than 5 Bill entries per month for the lowest tier of plan.

    We are a small NFP and thought we could reduce the time needed to verify and pay our expenses by using Batch processing exported from Xero and uploaded to our bank.

    Only to be stymied in this by a limit of only 5 Bills allowed to be entered each month. I think this is too small a limit and would like to see it increased to around 20.

    We'd probably still have to enter some manually in the busier months, but this would cover most of… more

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    submitted  ·  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. 🙂

11. Products should translate into the relevant currency when selected

    When adding an item to an invoice that is in a foreign currency, the item value should be translated to the foreign currency value at XE.com's exchange rate at the time instead of just picking up the numbers and plugging them in.

    Currently, if you set all of your prices in GBP, then invoice in Euros, the GBP amount will pull through when selecting an item on the invoice instead of translating to the relevant amount of Euros (i.e. if your item is £100, and you add it to an invoice which is in Euros, instead of translating it and putting something like EUR115, it just puts EUR100).

    When adding an item to an invoice that is in a foreign currency, the item value should be translated to the foreign currency value at XE.com's exchange rate at the time instead of just picking up the numbers and plugging them in.

    Currently, if you set all of your prices in GBP, then invoice in Euros, the GBP amount will pull through when selecting an item on the invoice instead of translating to the relevant amount of Euros (i.e. if your item is £100, and you add it to an invoice which is in Euros, instead of translating it and… more

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    submitted  ·  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. 🙂

12. balance sheet on app

    It would be good to see the balance sheet on the app. You can get P&L but not balance sheet. The balance sheet is a sign of the company's health - the P&L is just something non-accountants want to concentrate on!

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    0 comments  ·  Chart of Accounts  ·  Edit…  ·  delete…  ·  Admin →
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    submitted  ·  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. 🙂

13. refresh bank on app

    It would be really good to be able to refresh bank feeds on the app to make sure the information showing is up to date. Too often the app statement balance is different to the web and the web is often different to the actual bank balance. You can refresh the feed on the web to get it up to date but you can't on the app!

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    submitted  ·  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. 🙂

14. Problems with Xero Bank Reconciliation where client uses online banking for multiple payee payments. Friction between Bank payments and Xero

    Problems with Xero Bank Reconciliation where client uses online banking for multiple payee payments. Friction between Bank payments and Xero settings.

    Background
    Client selects 20 creditor payees to create batch for payment processing. (20 payees is the max that Bank online processing will allow in one batch).

    Xero batch is then imported to bank (ANZ)online software multiple payee (as opposed to Directlink). Bank processes payee payments as individual payee payments and lists them as such on client's bank stmt. No option at bank to report on statement as one total balance.

    Xero has processed creditor batch as a total and it is now in Xero bank recn awaiting payments and reconciliation.

    Matching does not occur because individual payments on bank stmt and total are not recognised. Therefore auto-recn does not work.

    Current Work around is in Xero Bank Recn "Remove and Redo" to remove the batch. This then puts the payments back into Accts Payable and in bank the payments can then be manually matched. This is time consuming and serious friction against automating processing.

    Solution - When exporting Xero payment batch have tick box to choose to have payments recorded in bank recn as individual payments rather that batch total.

    This matter was raised at Xero Dunedin Roadshow and recommendation was to record in this forum.

    Problems with Xero Bank Reconciliation where client uses online banking for multiple payee payments. Friction between Bank payments and Xero settings.

    Background
    Client selects 20 creditor payees to create batch for payment processing. (20 payees is the max that Bank online processing will allow in one batch).

    Xero batch is then imported to bank (ANZ)online software multiple payee (as opposed to Directlink). Bank processes payee payments as individual payee payments and lists them as such on client's bank stmt. No option at bank to report on statement as one total balance.

    Xero has processed creditor batch as a total and… more

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    submitted  ·  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. 🙂

15. Bank reconciliation AutoSuggest: Look for already existing contacts before suggesting the creation of new ones

    I have already suggested this here: https://productideas.xero.com/forums/967136-banking-chart-of-accounts/suggestions/51721467-bank-reconciliation-autosuggest-look-for-already

    Today I have a fresh, dumb suggestion from AutoSuggest: "Canberra Pools" as a new contact when "Ampol - MV Fuel" already exists for a payee containing "Ampol Canberra".

    Bank rules (as suggested for the previous post before it was closed to comment) will not help. Gen-AI is going to keep finding new, stupid things to suggest when there is already an existing contact, and I'm NOT going to create a new bank rule every time for something that shouldn't ever be happening. The Gen-AI is getting worse, not better, because it's training on bad data from everywhere, not the good data that I put into my client files.

    I have already suggested this here: https://productideas.xero.com/forums/967136-banking-chart-of-accounts/suggestions/51721467-bank-reconciliation-autosuggest-look-for-already

    Today I have a fresh, dumb suggestion from AutoSuggest: "Canberra Pools" as a new contact when "Ampol - MV Fuel" already exists for a payee containing "Ampol Canberra".

    Bank rules (as suggested for the previous post before it was closed to comment) will not help. Gen-AI is going to keep finding new, stupid things to suggest when there is already an existing contact, and I'm NOT going to create a new bank rule every time for something that shouldn't ever be happening. The Gen-AI is getting worse, not better, because it's training on… more

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    submitted  ·  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. 🙂

16. Page selector on the top of the page on the bank feed

    Duplicate the page selector buttons so they are also placed at the top of the "Reconcile" page not just the bottom. When working my way from bottom to top, it would be easier if there was a page selector at the top of the same page, not just the bottom to speed up navigation.

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    submitted  ·  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. 🙂

17. Depreciation - Ability to add manual depreciation adjustments directly against an individual fixed asset.

    I would like Xero to introduce the ability to post a one-off manual depreciation adjustment directly against an individual fixed asset.

    At year-end, accounts compliance teams sometimes calculate an additional depreciation adjustment after reviewing the fixed asset register and the relevant capital allowance or compliance treatment. Currently, when this adjustment is posted as a manual journal, it does not update the individual asset record in Xero. This creates differences between the fixed asset register, accumulated depreciation, the nominal ledger and the year-end accounts, making reconciliation more difficult.

    It would be helpful if users could select an individual asset and enter a manual depreciation adjustment, including:

    The adjustment date
    The depreciation amount
    A description or reason for the adjustment
    The relevant depreciation and accumulated depreciation accounts
    The option to specify whether the adjustment should affect future depreciation calculations

    The adjustment should update the asset’s accumulated depreciation and net book value, while maintaining a clear audit trail. Ideally, it should also allow authorised users to reverse or amend the adjustment if required.

    This feature would help keep the fixed asset register aligned with year-end compliance adjustments, reduce reconciliation differences and avoid the need to maintain separate manual calculations outside Xero.

    I would like Xero to introduce the ability to post a one-off manual depreciation adjustment directly against an individual fixed asset.

    At year-end, accounts compliance teams sometimes calculate an additional depreciation adjustment after reviewing the fixed asset register and the relevant capital allowance or compliance treatment. Currently, when this adjustment is posted as a manual journal, it does not update the individual asset record in Xero. This creates differences between the fixed asset register, accumulated depreciation, the nominal ledger and the year-end accounts, making reconciliation more difficult.

    It would be helpful if users could select an individual asset and enter… more

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    submitted  ·  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. 🙂

18. renaming accounts

    Ability to rename your bank account when the default name does not reflect what type of account it is

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    0 comments  ·  Chart of Accounts  ·  Edit…  ·  delete…  ·  Admin →
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    submitted  ·  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. 🙂

19. Reconciliation

    The details pop up box in reconciling pots to the transaction. It is faint and blends with background and you can accidentally deal with the transaction below. Could the popup box have a stronger boundary and pointer

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    0 comments  ·  Edit…  ·  delete…  ·  Admin →
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    submitted  ·  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. 🙂

20. BACS Export to include the "Ref" column so that suppliers receive a reference for their payment

    For the BACS export file to include the "Ref" column that is in the Batch Payment page so that the supplier sees a reference in their bank for the payment made to them.

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    1 comment  ·  Bank accounts  ·  delete…  ·  Admin →
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    submitted  ·  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. 🙂