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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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464 results found

  1. Find and Recode payments from imported statements to change the "Received as" feature to Prepayment or Overpayment.

    I have a lot of older statements to import (this particular payment provider does not offer a feed for importing automatically). These payments are nearly all prepayments, and now I have to manually reconcile them to Prepayments. Automation would be a real time saver!

    3 votes

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     ·  0 comments  ·  Reconciliation  ·  Admin →
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  2. Within the find and recode facility I would like the ability to change the amount posted. This can be particularly useful for repeating journals. For example, there could be a monthly release of a rent prepayment, where a rent review has been backdated several months and therefore the charge released needs adjusting historically. As it stands currently, each individual posting needs editing, rather than (say) being able to change 9 month's postings in one entry.

    3 votes

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    Thanks for the detail in your idea here, Kevin. We don't have any plans to enable the changing of amount in Find & recode in the near term. We'll get a gauge a sense of the demand for this from community in your idea here.

  3. During reconciling, when adding details - Description section coming from bank feed could be auto-highlighted saving time, allowing it to be changed more easily, rather than having to mouse across to select or (triple tap trackpad). This way if it didn't require a change of description, we can tab across. But having it automatically selected when tabbing through fields would be amazing if possible. eg. of highlighted area attached.

    3 votes

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  4. Where the Xero bank account balance and the bank's account balance don't match, but the account has been fully reconciled, Xero displays both balances.

    It would be good if Xero would also show the difference, ie, how much is the difference between Xero and the bank.

    3 votes

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  5. It would be great to have the date of bank transactions as a criteria field when creating a rule. When we are paid by the ESFA, the amounts we receive at the beginning of the month have a different nominal to those received later in the month. In Sage we could set a rule as 'between 2 dates'

    3 votes

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    Hi Sarah, when a bank rule is applied it'll use the date of the statement line to apply to the transaction it creates so you don't need to set this within the rule itself. Or are you saying you'd like to set the date of the transaction that's going to be created when the bank rule is applied? 

  6. TEMPLATE FOR COMMON SPLIT PAYMENTS
    We need to be able to save a split payment as a template (like a bank rule)
    eg: registration is always split with gst, no gst etc, let us save that transaction as a template for easy recon next time. Bank rule isnt helpfull as when you have 20 different regos being paid to the same company then a simple split template would be very helpful

    3 votes

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    Hi team, while we appreciate you raising your idea here. Not getting much community traction overtime, and not being in our current roadmap we will remove this idea from the forums.

    While I appreciate it's not solution you're after, to import transactions that match multiple statement lines you could consider importing these as Invoices or Bills.

    With regard to the consideration of templates for split payments, one option could be to use the percentage split option in Bank rules rather than the fixed amount.

    If this idea is still important and would make a big impact to your business flows, you're welcome to start it again to see if there is renewed interest from the community.

  7. It could be useful to export the chart of accounts with current and last financial year balances including zero balances to see which account codes are not in use. Helping to simplify chart of accounts.

    3 votes

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    Hi team, we don't have any plans for developing a export directly from Chart of Accounts with current and last financial year balances.

    However, you may find you can get what you need by running the General Ledger Summary report, and including the option to show Opening and closing balances along with Net movement so you can see accounts that have had movement in the period versus those that haven't.

  8. 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

  9. 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.

  10. In the Xero Accounting App it would be really useful to be able to enter a receive money transaction. This option is only available in the desktop version but for those that receive cash on the move it would be helpful to be able to record this via the app, particularly as it won't show up in a bank feed.

    2 votes

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    Thanks for sharing this idea. We can understand how being able to create a Receive Money transaction directly in the Xero Accounting mobile app could make it easier to capture transactions while you're away from your computer.

    For now, if the payment has already appeared in your bank feed, you can create the transaction during bank reconciliation in the mobile app. If it hasn't reached your bank feed yet, you'll need to wait until you're back on a web browser to enter it manually.

    We've updated the status of this idea to Gaining Support so we can continue tracking community interest.

  11. Proposal Title:
    Introducing Xero Bank Feeds for Nigerian Financial Institutions
    Introduction:
    The absence of direct bank feeds in Nigeria creates unnecessary manual work and increases the risk of errors. We propose the introduction of bank feeds for key Nigerian banks to enhance efficiency and accuracy.
    Objective:
    To enable seamless, secure, and automated bank feeds in Xero, reducing reliance on manual imports and strengthening audit readiness.
    Problem Statement:
    Currently, users must manually import bank statements. This process is:

    Time-consuming and repetitive
    Prone to human error and reconciliation delays
    A barrier to real-time financial reporting and compliance
    Proposed Solution:
    Xero should partner…

    2 votes

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    0 comments  ·  Bank feeds  ·  Admin →
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    Thanks for bringing this to our attention Courtney! We appreciate the time taken and the details around which banks would be most beneficial. Others in the community are now able to vote and comment on the idea so we can gauge interest and pass this onto the Product team.

  12. We have twice had clients attach the wrong bank account to the Xero bank accounts when setting up direct bank feeds. Obviously they should check the bank account number when attaching the account but there should be a check in the software to prevent or at least warn against this.

    2 votes

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    0 comments  ·  Bank feeds  ·  Admin →
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    Hi there, appreciate you for putting this forward. We can see how validating bank account numbers during direct bank feed setup could help reduce errors and give users more confidence when connecting their accounts.

    We just want to highlight that users have the option to edit and change bank account numbers from the Chart Of Accounts screen after the bank feed is connected.

    I've updated the status of this idea to Gaining Support. If this is something you'd like to see, please keep voting and share how this would improve your bank feed setup process.


  13. enable uploads on pdf files to support audit evidence of a transfer transaction

    2 votes

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    Hi David, appreciate how you may like this option to speed up the efficiency of this process when reconciling, and we'll get a wider sense of the interest behind this from your idea here.

    In the meantime, I just wanted to highlight that once the Transfer transactions is created it's possible to open this from the Account transactions tab of the bank account and attach a PDF to the transaction from here.

  14. Hi Xero,

    When doing bank reconciliations, we often have to change the dates on rec lines.
    It would save so much time if you did not have to click into the transaction to change the date.

    Likewise, in cash coding - You can change every other detail except the date, meaning you have to go back into individual transactions

    Have attached screenshots.

    2 votes

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    Hi Natalie, thanks for sharing your feedback here.

    We can see how having the ability to edit the date on a bank statement line could help in situations where the bank processing date differs from the date you need for your reconciliation workflow.

    I've updated the status of this idea to Gaining Support. If this is something you'd like to see, please continue to vote and share how this would support your reconciliation process.


  15. Xero to send out an email reminder for when a bank feed either needs refreshing, has an issue, or is due, and tag as many other users of your choice in that email.

    2 votes

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    0 comments  ·  Bank feeds  ·  Admin →
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    Hi everyone, thanks for raising this with the community.

    We can see how email notifications for disconnected or expired bank feeds could help users stay on top of issues and take action sooner when a connection needs attention.

    I've updated the status of this idea to Gaining Support so we can continue gathering feedback and better understand how proactive bank feed notifications could support your workflows.

    Please keep adding your votes and sharing more detail on how you'd like these alerts to work.


  16. Given that bank transactions are now processed 24 hours a day 7 days a week, it would be good if Xero ran overnight processing everyday rath

    2 votes

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    Hi Greg, thanks for raising this. We can see how running automated bank feed processing and matching on weekends as well as weekdays could help keep transaction data more consistently up to date and reduce Monday catch-up.

    I’ve updated the status of this idea to Gaining Support, so if this is an update you'd like to see, please keep on voting.

  17. Rename Archived Accounts in COA.

    When reorganising a chart of accounts and reporting we often need to differentiate between the old way of doing things and the new. Or we archive a lot of 'Accountant Only' codes.

    Since we can't filter out the archived codes - It would be great NOT to have to 'restore' them to rename to fit in with how we do things now.

    2 votes

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    Hi Kali, thanks for raising this idea. We understand the ask to update details on archived accounts directly, such as account names or codes, without needing to temporarily restore them first.

    We've updated this idea to Gaining Support. We encourage the community to vote on this idea if you’d find this Chart of Accounts improvement useful.


  18. When auto-reconciling, separate spend items from received items. The Aged Receivables department does not find the auto-reconcile feature useful, whereas it is beneficial for the Aged Payables department.

    There should be an option to enable auto-reconciliation for spend items while disabling it for received items

    2 votes

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    Hi everyone, thanks for raising this idea. We understand why having separate controls for auto-reconciliation of Spend and Receive transactions would be useful, especially for teams managing different parts of the reconciliation process.

    The idea is to allow users to enable or disable auto-reconciliation settings separately for Spend and Receive items, giving more flexibility over which transactions are automatically matched.

    We encourage the community to vote on this idea if you’d find this workflow improvement useful.


  19. I have a linked Revolut Business account. Transactions are showing up correctly. The issue comes when an already reconciled transactions is marked as expense in Revolut (and adding an invoice). Those expenses comes as a separate transactions in Xero.

    The expected behavior is to update the existing transaction and add the expense info (attachment, category) to it.

    2 votes

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    0 comments  ·  Bank feeds  ·  Admin →
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    Hi Stefan, thanks for raising this idea. We understand why automatically matching Revolut expense syncs with existing transactions could help keep your bank reconciliation cleaner and reduce manual review.

    Currently, when synced expenses create separate lines instead of updating existing records.

    I’ve updated this post to Gaining Support so we can continue tracking feedback and gather more votes.

  20. Ability to import a PDF statement directly to xero instead of having to spend a fortune on PDF to CSV software like Dext for example

    2 votes

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    Hi everyone, thanks for sharing your feedback on being able to import PDF bank statements directly into Xero in the UK.

    We can see how this would make it easier to get bank data into Xero without needing third-party conversion tools.

    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.

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