Enter your idea

Being able to auto reconcile/cash code the bank transaction when you import the bank transaction or the bank transactions processed through Xero

It depends on your business model and banking arrangements
Reconciliation is crucial to mine and bank feeds not always appropriate.
Xero seems to only fit one style of operating.

Thanks for the update

I realise there is a lot of work needed in the background that we dont see but put simply for me a tick box beside transactions like in bills and sales and to be able to select all the transactions with 'OK' is really what I would like to save time in the reconciliation....

I just clicked "OK" 5381 times. I think I might have developed carpal tunnel.

My client not using bank feed, they just provide me their bank statement, so I need to key in manually. When bank reconciliation, it really take time !! We need to click all the transaction itself and mark as reconciliation. Quick book and others account software can just tick all the transaction you need and approve after you check and tally with your bank statement. Xero really need to improve, very not convenience for manually key in user. Quick book and others software cannot scan bill and upload like XERO, if not I already change to others software.

Bank Rules - Auto Reconciliation.

If there is an option for "auto-reconciliation", in Bank rule creation it will save time.

For example. We have created a bank received rule that says that if the "CITIZENS" condition is met, the item shall be recorded as "4200 - Merchandise". Instead of it shows as "Apply rule".
It should be automatically posted and reconciled.

Most ecommerce clients have a direct feed from PayPal producing hundreds of OK's in bank rec. from invoices generated by their respected sales platforms.

If date and amounts match we need to be able to auto allocate, leaving only those identified as (other possible) unreconciled.

great invaluabe idea

Yes need this for quickly matching credit card feeds, which match via an add-on application.

Yes, I need to bulk reconcile bank transfers - particularly from bank accounts to my paypal account. Would be an easy fix, and save hours of hassle.

In today's era of electronic banking and connected bankfeeds, it seems pointless to have to do a bank reconciliation. The transaction gets fed into the Xero ledger therefore the bank balance should always match what the bank statement says. I know that I have to allocate each transaction using rules or manually, so really they're just "Unmatched Transactions". To have to "Mark as Reconciled" or perform a Bank Reconciliation process seems redundant to me. The notion of Uncredited Deposits or Unpresented Cheques is surely outdated, as this was only to work out what my actual bank balance was at any given point in time (ie when datafeeds were impossible). Could the reconciliation process be done away with?

Or a keyboard shortcut! That would be way faster than

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A system like the Cash Coding system where multiple transactions can be selected and reconciled in bulk.

It would need to be more flexible than cash coding though i.e. searchable and sorted by more detailed data.

Agreed! Especially for those F&B company or those company that have many outlets.

Yes Russell you are right, good to get that clarified. I couldn't work out how a business with bills and invoices can use Cash Coding

I also see someone posted about manually marking transactions as reconciled. This also is not an answer for this topic. Manually marking transactions as reconciled is ONLY for transactions that can not be imported via an electronic bank statement. Most of us use the importation of electronic bank statements. You will mess up your bank reconciliation if you manually mark transactions as reconciled when those duplicate transactions come through via electronic bank statement. I hope this helps!

I'm posting this because a couple of people have responded with "cash coding" as the answer. Cash coding does not resolve what is being asked for here. Cash coding only works to create new spend and receive transactions. Cash Coding does not work for payments against invoices and bills already generated. What we're asking for is to make better use of screen space (or even a scrolling screen) with the ability to "ok" multiple matched payments at one time without a screen refresh between each matched payment. I hope that clarifies it.

Cash Coding already does this.

You can reconcile multiple lines in the Bank transactions tab but you need to enable the function. This article tells you how to do this - https://central.xero.com/s/article/Reconcile-an-account-transaction-without-an-imported-bank-statement#Enableordisablemarkasreconciled

Unfortunately, cash coding is not available if clients are on the Starter plan. :-/