Allocate Spent Money to supplier invoices issued at a later date
Allocate spent money to supplier invoice raised at a later date -We pay our electricity monthly by direct debit - we may have 6-9 payments that have been reconcilled as spent money as the next supplier invoice has not been received. It appears you have to remove & redo the reconcilliation rather than having a facility to allocate that spent money to the invoice. This is incredibly time consuming and should be a facility available.
Kevin Moore
shared this idea
Hi everyone, thank you for sharing your feedback via Xero Product Ideas. Because this suggestion hasn’t gained much traction within the community, this post will soon be removed. Your feedback has been shared with the relevant teams. If this remains a high priority for your business, we recommend re-submitting the idea to see if it generates renewed interest from other members. Thanks.
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Donald Brown
commented
Cherry suggested I add my comment on this stream though it may be a different problem. When a customer pays their invoice by credit card, it is included in a single bank deposit with all the other credit card payments from that day. Xero has no way of reconciling the invoice payment in that bank deposit. I am required to enter the deposit minus the invoice ammount. Then combine the deposit with the invoice using the FIND & MATCH in the reconcile window. This is cumbersome and brings manual math mistakes into the process.