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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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476 results found

  1. I quite often take on Xero 'tidy up' jobs, there are sometimes hundreds of transactions unreconciled, meaning lots of pages to click through. Working through my different checks I find bills/invoices that have in fact been paid, and then have to click through numerous pages of unreconciled transactions to find the one I want to match. It would be super useful if you could implement the find and match function on the cash coding tab. Its so much easier to find the bank transaction from the cash coding list, by sorting it, so to be able to finish the matching…

    6 votes

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     ·  0 comments  ·  Reconciliation  ·  Admin →
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  2. Have a 'Test Rule' button when making a Rule.

    3 votes

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    Hi team, not getting a lot of traction from the community in this idea we will soon remove it from the forums.

    Appreciate not the ideal solution but if you'd like to test a bank rules applications it would be possible to manually import some statement lines into the demo company to be able to set up and try out a rule.

    If this is still important to you welcome to start it again to see if there is renewed interest. Thanks

  3. I would like to see the limitation of receiving payment on 50 inovices be increased or removed completely. I Have a trucking company that issues hundreds of trip invoices to it's customers and the limit of receiving payment on 50 invoices at a time doesnt work for them.

    6 votes

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     ·  3 comments  ·  Reconciliation  ·  Admin →
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  4. Upload AR Remittance Advices within "Match" option within Bank Reconciliations
    I have noticed that when processing the Bank Reconciliation and matching bank deposits to raised AR invoices, the Remittance Advice can't be uploaded directly to the receipt under the "Match" option (see attached screenshot).
    However, under the "Create" option (next to Match then clicking "Add Details") there is the option to Upload files.
    Not being able to do this directly within Bank Rec matching means it is an inefficient process where I have to go back to the Customer account, look for the Invoice(s) that were paid and open it…

    15 votes

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  5. Can the new bank summary report have the option of adding in the imported statement balance for each bank account. This would provide a quick way of checking which accounts need more work rather than having to check each reconciliation report for each bank account when there are multiple bank accounts (I have 10+ and it is arduous having to run each reconciliation report just to check the balance)

    8 votes

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    Hi everyone, while not a direct solve for the idea here we wanted to share a recent release that improves customers ability to confirm their bank balances using the new Bank Reconciliation Summary report.

    With the new report you'll now find you can enter a Bank statement ending balance. This means where an imported statement balance has not imported, or doesn't match your actual bank statement balance you can now enter an amount and update the report. Xero will then calculate the balance out by based on the amount you've entered in this field.

    Currently this is still on a bank by bank run report, you can switch between banks you have in your organisation from the Bank account field.

    If there are any plans to develop a view across all banks at once we'll let you know here.

  6. For smaller companies, it would be helpful to have the option to receive a notification by email or text when there are bank transactions to be reconciled.
    In larger companies, it's a daily routine to do the bank rec of course but not so in smaller companies so a notification would be very handy!

    7 votes

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     ·  1 comment  ·  Reconciliation  ·  Admin →
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  7. In Xero Cash Coding or Transaction coding interface, provide a feature to allow pasting of data (copied for spreadsheet multiple row and columns) into Xero entry tables.

    4 votes

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  8. There needs to be a better matching system with Xero.

    For example I have two statement lines that cancel each other out. You should be able to match two statement lines to each other rather than creating invoice/bill to reconcile each line.

    Additionally, being able to reconcile multiple statement lines with multiple invoices/bills, overpayments or prepayments needs to be a thing.

    11 votes

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  9. The Discuss Tab should have a history trail showing the user and date that a comment was submitted.

    Also registered comments should not be editable or removed once submitted. The ideal situation would be if the tab took on the functionality of a chat system also allowing to tag a user of that particular company in a discussion prompting a notification to the user.

    Once a transaction is processed, the notes should be attached to the transaction in the history and notes section for future reference.

    45 votes

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  10. The bank transaction listing in Xero should have different details displayed for ease of reference.
    Batch Payment really doesn't provide enough information. "Payment: multiple items Batch Payment" is pretty vague. It would be better if the Description column showed the Details from the batch payment - refer attached

    10 votes

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     ·  4 comments  ·  Reconciliation  ·  Admin →
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  11. Bank Transfers - they are great and easy - but it would be awesome if we could just improve them in the following ways - some of these suggestions incorporates other suggestions - but thinking if you are working on improving this functionality - it would be great to do it all at once. Currently when you create a transfer from the Bank feed - you can only select a bank account and enter a reference - it would be great if you could also, add tracking code(s) on that screen too (as currently if you need to attach tracking…

    28 votes

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    Hi team, returning to this idea here we do appreciate the interest in improvements and how we could make the process of reconciling transfers simpler when there are additional details or actions needed.

    Being open we're unlikely to deliver all the points raised in this idea at once and it's best for our product teams to understand the interest in each separately.

    We do have existing ideas that relate to most of these elements and I've linked to below, and I will edit the title of the idea here to reflec the ability to attach a file when reconciling a Transfer. Please do add your vote to each that matters to you and we'll be sure to share if there is any pogress for that idea respectively. Thanks

  12. Can you pl provide payment voucher/ receipt for Receive/ Spend money,

    sometimes we need to provide printouts as proof.

    9 votes

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  13. Given that your bank feeds constantly don’t work, it would be great if they could be refreshed via the app, rather than having to login to a computer.

    5 votes

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    3 comments  ·  Bank feeds  ·  Admin →
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  14. Allow a default bank account to be set for Bill Pay or Spend Money transactions

    8 votes

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  15. To quickly get to your most recently reconciled transaction/s (to quickly correct errors that you see as you press OK while reconciling), click the search bar and have the most recently reconciled transactions linked there ready to go.
    Instead of having to go through the bank statement or account transactions and then locate the transaction that needs updating

    4 votes

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  16. Xero should automatically recognise a Xero client account number in any bank transfer and allocate those funds to existing invoices in that client's account. This should either just occur automatically when a client payment matches the total on their statement, or alternatively, any payment should simply be allocated to the client's oldest invoices.

    Currently, when customers pay us for invoices that we have sent them, we search for their name in the “Match” function during the bank feed reconciliation. We then select the invoice(s) that match each payment and reconcile these.

    There are two major problems with this workflow:

    1. We…

    6 votes

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  17. I think we should be able to create with a loan schedule with interest rates, term and amortization instead of having to manually enter the transaction.

    48 votes

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  18. Can i request for lock period for specify period such as

             Tick   Lock./ untick lock
    

    Jan23 /
    Feb23. /
    Mar23
    Apr23. /
    May23. /
    Onwardj

    Existing lock practise lock until mar23.
    If i want to do amendment on feb23, i need to unlock mar23 and feb23, then i can do amendment on feb23.

    3 votes

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  19. Reconciliation to be matched by INVOICE NUMBER rather than amount

    12 votes

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    Thanks for sharing this idea. I can see why matching by invoice number or reference, instead of relying on the amount first, would be really valuable for businesses dealing with instalments, part-payments, or payments that don’t exactly equal the invoice total.

    Right now, suggested matches are based on the statement line and transaction having the same amount, with other statement details also considered, so I understand why this request would help reduce manual work and lower the risk of matching a payment to the wrong invoice.

    If this would improve your workflow too, please add your vote and comment with a real example of when matching by invoice number or customer reference would save time or prevent errors. The more detail shared here, the easier it is to show the impact this has for customers.

  20. Bank statement search needs to allow the user to filter the search by spent or received as the amounts elements apply to both spent and received.

    Also - please fix the bug with status being ignored by the search.

    52 votes

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