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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. The ability to match and upload receipts and invoices stored and analyzed on any number of different apps to simple bank transactions downloaded and categorized in xero based on the exact amount and the relative date only. Do this without the complication of further analysis in xero such as matching or paying bills.

    Background and use case: For any business primarily downloading and categorizing expenses from various bank and cc accounts and not using xero to bill customers and create invoices.

    2 votes

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    Hi Scott, I know it's been a while since you first raised this idea however we're rolling out a new Smart Document Capture feature in Files that may accommodate your needs here.

    It's currently only available to UK organisation but will be released to other regions over the coming months.

    Smart Document capture will read your uploaded file to help you create and autofill fields of your transactions, including Receive and Spend money where you may not wanter enter as a Bill or Invoice. 🙂

  2. Bank feeds are critical to a business's accounting system.
    Detail on those feeds is also critical.
    BOQ Specialist (AU) (and I'm sure other banks) provide deficient bank feeds to Xero.
    See the difference between the (unmodified) imported statement lines and the bank feed statement lines on the image.
    The bank feed statement lines only say "Online transfer" which is about as helpful as saying "transaction".
    The imported statement lines say Online transfer and then the bank narration, which is much more helpful.
    Xero Support suggested I speak to the bank - great idea, waste my time speaking to a customer…

    2 votes

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     ·  0 comments  ·  Bank feeds  ·  Admin →
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  3. Banking Feed Login - Direct Xero Notification

    I receive direct notifications from my bank platform when my business account is being accessed. Having the bank account linked to Xero is functional, but creates some security anxiety as I receive notifications from the banking platform about a login and then need to check if it is Xero. A direct notification - or even just email notification - from the Xero app would be helpful to cross reference and know that the specific login is Xero and not a security threat. I have searched quite extensively but haven't found this option.

    2 votes

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    0 comments  ·  Bank feeds  ·  Admin →
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    Appreciate you sharing your idea here, Dylan. I've shared this back with our team. While this isn't something we have direct plans for atm, it's great to have this understanding how a change could have an impact on your work. If there are any changes I'll be sure to share with you here.

  4. To minimize the maximum organise for bout party to be aware to not to be niglected

    2 votes

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  5. In the dcoding screen, if there's already a code selected then the user has to manually empty the existing code to be able to type another. This is just clunky - when the dropdown is enabled it should either clear the field or allow the user to start typing a new code.

    2 votes

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  6. When searching for specific bank transactions(s) using the filter option, when found, it would be good to be able to export your findings directly from your screen. This would prove to be a very efficient way of exporting specific data quickly.

    2 votes

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  7. Auto reconcile Paypal - as someone who is not able to do this every day, to reconcile Paypal takes an incredible amount of my time - is there some way this can be automatically done?.....

    2 votes

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     ·  1 comment  ·  Reconciliation  ·  Admin →
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  8. 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

    1 vote

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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. 🙂

  9. 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.

    1 vote

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    0 comments  ·  Reconciliation  ·  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. 🙂

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

    1 vote

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    0 comments  ·  Bank accounts  ·  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. 🙂

  11. As an accountant, we need the ability to be able to do manual journal entries that can include bank accounts too so we don't have to do reclassification entries for everything and then go and clear out the bank account separately. I work with lots of real estate investors and we track for properties and sometimes we want to reclassify between tracking properties without having to do spend or receive money.

    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. 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.

  13. 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.

  14. 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 🙂

  15. 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.

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

    1 vote

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    0 comments  ·  Bank feeds  ·  Admin →
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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 🙂

  18. 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?

  19. 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 🙂

  20. 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.

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