Bank Reconciliation - reconcile transactions for multiple bank accounts at a time
I'd like the Reconcile pages to allow me to select some all of my bank accounts to display. This would aggregate the unreconciled statement lines and display them all in date order to be reconciled all the same time.
Reason 1: Convenience. I use several bank accounts and would prefer to reconcile all of the transactions in one go.
Reason 2: Error reduction. The most common error I see relating my clients' bank balances is their misuse of Transfer (setting the wrong account, using it for accounts that aren't linked etc.). If they could see both accounts and therefore both sides of the transfers it would greatly reduce these errors.
Flynn O'Meara
shared this idea
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Lachlan Keddie
commented
This would be great for me aswell,
My largest client has 13 accounts reconciled daily, with matched transactions only.
It is too easy to trip over open tabs or continuous scrolling through accounts.
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Optimus Fintech
commented
To reconcile bank accounts and transactions on the go, check this link to know the needed resources for it,
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Taylor Clouse
commented
I would love to see an option for a unified bank feed.
This would not replace the current bank feed set up where you go into each account and reconcile/code transactions, but for those that want to batch them all together why not have a feed of transactions from all bank accounts and CC without needing to go into each one?
This may not be a fit for all clients, but I know for myself it would save some jumping around when I could just go to one spot and code / reconcile transactions across 4-5 accounts - especially those that are being handled frequently and just a few transactions from each account.
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Paula Wyeth
commented
Xero is my preferred software, however, after working in another software for some contract work, I found it super efficient that the bank transactions screen has a dropdown to allow the user to choose - a single bank account or all bank accounts and it really does help with efficiently searching an amount or description within a date range.
It also has the option to narrow the search further by selecting from a dropdown - 1. Allocated feeds, 2. Unallocated feeds or 3. All transactions (including a column for bank account name and if it is allocated or not). It makes the viewing of transfers between bank accounts very clear and the transactions can be reconciled/matched from that screen or transfers created from that screen. If transfer is selected, the other side automatically reconciles.
Now that we are seeing improvements to the bank feed in Xero, I really hope Xero can enhance this further. I really need one search screen that offer the option to see allocated and/or unallocated transactions covering all bank accounts.
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Andrew Syme
commented
Make the Bank Account Pull down able to select Multiple / All Bank accounts
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Andrew Syme
commented
Bank reconciliation - Add Bank Account Filter. Allow the user to select One, Multiple or ALL bank accounts to show on the reconciliation scr
