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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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535 results found

  1. Sometimes the order of transactions is different in Uncoded Statement Lines Report to the transactions you are coding in Cash Coding. This means you cannot quickly enter codes from the Lines Report but have to carefully check line by line that it's the same transaction. This is extremely annoying, time consuming and occasionally results in incorrectly coded transaction lines. This has been a problem for years! It's terrible.

    3 votes

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  2. 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? 

  3. I’m moving from an existing system to Xero, so need to enter my new data into Xero for the current financial year which the accountant then files with HMRC. But at the same time I need to import my older data without affecting the current filings. All the accountant can do is to lock the accounts from a date backwards, which means I cannot enter my old data.
    All I want is to be able to lock financial years, enter the old data and then use Xero to identify if the accountant needs to make any future adjustments.

    3 votes

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  4. 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.

  5. Set a bank rule that only autofills the contact name - Often the same contact is used for sales or purchases to different accounts. Currently bank rules force you to choose an account. I'd like to set the contact automatically with the bank rule, then choose the account during reconciliation. Saves me typing the contact each time.
    ALTERNATIVELY - I saw and voted for another idea that there could be a drop-down list of possible applicable rules, then I could write 2+ rules for the same contact and matching criteria, and choose the appropriate rule. This would be even faster,…

    3 votes

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  6. I have a client who is VERY mobile active. I noticed on the bank reconciliation page that notes are multiple taps away. On a transaction, three dots, then view note, and then one more click to go back. It was be fantastic if the default on the bank reconciliation page on mobile was to show notes first, like the discuss tab is defaulted to show first on the web application. Then I could instruct my client to view the bank reconciliation on their mobile to see what information I am requesting.

    3 votes

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  7. I'd like to request the integration of a WesBank loan feed, similar to the bank feed functionality. This addition would significantly improve efficiency in managing loan transactions within Xero.

    3 votes

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  8. In Find and Recode allow Advisor only to tick the range of items to show ... 1,000 or 5,000 etc. 200 only is a pain.

    3 votes

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  9. In the bank feed section. Please make the vendor history available when going through bank feeds. QBO has a button in the bank feeds called Categorization History. This way to do not have to go into a contact page to view how something was coded in the past. This is for things without rules.

    3 votes

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  10. While our primary business banking account transactions import automatically via a bank feed, the process of importing the transactions from our payment processors/gateways into their respective bank accounts in Xero are manual and add many hours of admin - there is already some integration with these gateways to support payments and this could be extended to include transactions flowing into Xero.

    3 votes

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  11. There should be a way to remove unnecessary motivational responses like "Great Job!" when finishing a bank reconciliation.

    I do the bank reconciliation every day and don't consider the task difficult or special, so the "Great Job!" just seems patronising. A simple "You've reconciled all the transactions for this account" is all that is necessary for a business application like Xero. Some people might like it but I'd prefer my accounting software to not pretend to have a personality like that.

    3 votes

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  12. It would be useful if the cell size was bigger when entering a Spend Money or Receive Money transaction. The area to type in is only two thirds the size of the cell in the Description box which restricts the amount of information visible. Only two lines of text are visible at a time.

    3 votes

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  13. I am unable to go through cash coding as I am often required to apply a transaction to a pre set item, as some clients like more of a break down of what a transaction relates to. It would be good if you had an Item tab on cash coding so you can apply those transactions to an item all at once instead of opening each individual transaction up and entering an item.

    3 votes

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  14. 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.

  15. There needs to be an automatic email notification sent to users when a financial setting is changed. Our gst number was changed and we had no idea until we manually spotted the change.

    3 votes

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  16. When entering dates, can you please bring back the mouse scrolling function, where you could scroll down to go to the next month.
    Rather than now, we have to click the right button to go to next month.

    3 votes

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  17. Lock Dates - Multiple Lock Dates.

    Currently there are two options: "Stop all users (except advisers) making changes on and before" and "Stop all users making changes on and before".
    It would be great to have an option where two dates can be entered without one overriding the other.

    Here is my issue:

    I have been trying to put lock dates for different purposes.
    i.e. I want to stop ALL users (including advisors) from making changes on or before 31 March 2022, but I also want all users EXCEPT advisors to not make changes on or before 31 March 2023.…

    3 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. On the Find and Match section of the bank rec, I would like to see the Reference number and the Xero invoice number in separate, sortable columns much like you can in the sales overview screen. In the current set up, the reference number is not sortable. The ability to sort by reference number in this particular screen would probably save me a couple of hours each week.

    3 votes

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  20. As a retail company with many hundreds of transactions each day it is a massive task to properly account for VAT. All our products are VATable inside the UK but we receive many orders from outside the UK which are non-VATable, or from other EU countries where we must charge a different VAT rate for our IOSS return.

    PayPal holds details of the VAT that was collected as part of the transaction, but as Xero imports all these hundreds of transactions from PayPal it currently does not import those VAT details. That means we have to look at our other…

    3 votes

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