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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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212 results found

  1. I'm toying with Auto Reconciliation with partial success.
    Simple transactions (paying an invoice are easy, too easy in fact. The problem is when I have to attach a tax invoice to the auto reconciled transaction. I have to reopen it and do the drop thing. Which kind of negates the point of it. I might as well just use the traditional method.
    Whereas some large repetitive reconciliations such as Stripe transaction runs are likely to be a real boon on an ongoing basis.
    So....is there a way to turn on auto-rec for some things and off for other things?

    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. 🙂

  2. In the Home or Bank accounts view, is it possible to display the date (or just month) of the earliest unreconciled entry? This would be useful as a quick visual indicator when double checking all entries, across multiple accounts, have been reconciled before posting GST.

    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. 🙂

  3. When you publish your bank reconciliation report in Xero it would be handy to be able to attach a copy of the actual bank statement for completeness and proof by third party - much the same as being able to attach a copy of an invoice to a bill in Xero

    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. 🙂

  4. I work with multiple entities that have frequent intercompany transactions. A dedicated Intercompany Reconciliation Workspace that automatically matches reciprocal transactions across Xero organizations would significantly reduce manual work and improve month-end closing efficiency.

    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. 🙂

  5. The chart of accounts should be a “live” trial balance- always showing the the balance as of today.

    It should also have a date filter so you can quickly change the date of the balances shown.

    This is how it works in Business Central. Much cleaner and quicker than the ten clicks to go to reports, find the right report, adjust all the filters… etc.

    1 vote

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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. 🙂

  6. Bank feed for KEB Hana Bank Global.

    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. 🙂

  7. Please add Smile to your bank feeds.

    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. 🙂

  8. It would be great if Xero could automatically do the transfer between Xero bank accounts.
    This is our most time consuming and often error-prone coding in Xero when it should be a simple fix. Many clients still battle with this.

    22 votes

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     ·  2 comments  ·  Reconciliation  ·  Admin →
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  9. When reconciling transactions and Find & Match is used, usually for multiple matches, please add an attachment button.
    In the example of one payment matched to multiple sales invoices, there is usually a remittance provided by the client that we need to file with the payment.
    We shouldn't need to go back to a reconciled transaction and manually add the remittance to each line individually.

    135 votes

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  10. Placeholders for dates in bank rules descriptions for example reconciling monthly payroll and having the month it relates to pull through on the description through a bank rule.

    30 votes

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     ·  6 comments  ·  Reconciliation  ·  Admin →
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  11. Currently there is the inability to edit one payment in a batch deposit that was created from the Reconcile screen without dismantling the entire batch (with Unreconcile, and then Remove and Redo). If the batch Deposit is created from the Invoice screen and one line item needs adjusting, we have and option to Edit Batch. This allows for removing one line item of the batch but preserves the remainder of the batch (less the removed line item). Please add the Edit Batch function to batch deposits created in the Reconcile screen too! It is a big pain point when you…

    43 votes

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     ·  5 comments  ·  Reconciliation  ·  Admin →
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  12. Chart of Accounts - Increase "Bank Account Number" Limit

    Currently the account number is limited to 20 characters.

    A International Bank Account Number (IBAN) is the standard for bank account numbers in Europe. I can be as much as 34 characters long.

    Please extend the length of the Bank Account Number to 34 characters.

    20 votes

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  13. It would make a quick check of allocations so much easier if the dashboard for bank accounts allowed you to customise the "account transaction screen" so you could toggle between options like you can under reports - account transactions. By enabling account codes to show in the "cash book side" would help us identify misallocations so much quicker and the data is there ...

    10 votes

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     ·  4 comments  ·  Reconciliation  ·  Admin →
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  14. When preparing monthly CIS returns on xero you need to create a bill for the subcontractor and reconcile/mark the bill as paid. When you have clients that have on average 80 to 120 subcontractors the bill creation even with a bill template can be time consuming.
    Something to consider is whether creating a bill could be removed from this process and the CIS return be prepared simply from a spend money to a CIS enable contact.
    Also something else that can be time consuming when dealing with this volume of subcontractors is downloading the monthly CIS payment certificates as clients…

    29 votes

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     ·  9 comments  ·  Reconciliation  ·  Admin →
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  15. I wish you could add a new GL account to the COA right from the "create" tab of the match transactions page instead of having to click through to "add details" to access that function

    7 votes

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    Hi, thanks for submitting this idea. As you mentioned, the Create option doesn't currently have a way to add a new account into your Chart of Accounts.

    We appreciate you taking time to let us know how we could improve Xero for you, and 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. I always want to reconcile my newest transactions first, as they are freshest in my head. It's actually become pretty maddening not having this feature.

    9 votes

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     ·  4 comments  ·  Reconciliation  ·  Admin →
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  17. In the bank account settings, add an optional data field to enter in the Overdraft limit on a bank account. Then on the dashboard screen, show the net available balance of current bank balance + the undrawn Overdraft limit.

    Purpose - to save the user from having to manually calculate how much is available to make supplier/payroll payments or login to internet banking prior to check.

    Should also be a simple feature to add.

    10 votes

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     ·  4 comments  ·  Bank feeds  ·  Admin →
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  18. We all know that legally we have to have a receipt for each transaction, it would make life (and my brain) so much easier if on the reconcile page when it shows up as green (for an existing matched bill pending) that it would be a different colour if that bill had an attachment on it so I wouldn't have to check before pressing the 'ok' button. A simple one but something that would save so much time and surely the programming to match for the green can be amended to identify an attachment on the bill.

    8 votes

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     ·  3 comments  ·  Reconciliation  ·  Admin →
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  19. Ive moved form Quickbooks to Xero (I guess this is common).
    Xero does not accept bank feeds from Macquarie Banks - Offset Accounts.
    It's very frustrating to manually have to import bank statements every month and I would love if they could please collaborate so it can occurs. It makes it tedious for my business and I lose hours trying to do it every time.

    Cheers

    11 votes

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     ·  4 comments  ·  Bank feeds  ·  Admin →
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  20. Bank Feed - J.P. Morgan Chase

    For Xero to expand their bank feed connections to develop feed that supports J.P. Morgan Chase bank

    CHASAU2X

    4 votes

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     ·  2 comments  ·  Bank feeds  ·  Admin →
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