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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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215 results found

  1. While it is possible to use Find & Recode to edit the contact, it's not currently possible to use this feature to edit line item descriptions, this would need to be done on the individual transaction themselves.
    Can XERO please look into this and bring this new feature in future to save time.

    29 votes

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  2. To quickly get to your most recently reconciled transaction/s (to quickly correct errors that you see as you press OK while reconciling), click the search bar and have the most recently reconciled transactions linked there ready to go.
    Instead of having to go through the bank statement or account transactions and then locate the transaction that needs updating

    4 votes

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     ·  0 comments  ·  Reconciliation  ·  Admin →
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  3. A common problem importing bank files is the reversal of Debits and Credits. This is especially common with Credit Cards.

    The "fix" that Xero recommend is to modify the file with a spreadsheet editor. This is only possible with CSV files and is error prone.

    A setting to reverse credits and debits when importing bank files would be immensely useful when your credit card provider statement has it's debits and credits reversed.

    Or maybe allow a bank to be treated as a Liability?

    8 votes

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     ·  3 comments  ·  Reconciliation  ·  Admin →
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  4. I need CN and (over)payment allocation lines in Account Transactions to be supplemented by invoice number as unique document number. Currently, there is a link through Reference, but Reference might not be unique entry, and so tracking credit note allocation is not impossible. Thanks.

    6 votes

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     ·  0 comments  ·  Reconciliation  ·  Admin →
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  5. In the Find and Match screen, add a filter for a date range rather than having to scroll thru all the outstanding transactions.

    57 votes

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  6. When doing a search on a bank account for a payment made the search does not include the individual payments which make up a batch payment. So if a payment was made as part of a batch then unless you know the date the payment was made or the name of the supplier it was made to then the search function will not find the payment you are looking for.

    5 votes

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     ·  2 comments  ·  Reconciliation  ·  Admin →
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  7. Ability to partially reconcile a statement line to one invoice and leave the rest of the payment unreconciled until the details needed for reconciliation are received, instead of posting an overpayment.

    27 votes

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  8. On the Find and Match section of the bank rec, I would like to see the Reference number and the Xero invoice number in separate, sortable columns much like you can in the sales overview screen. In the current set up, the reference number is not sortable. The ability to sort by reference number in this particular screen would probably save me a couple of hours each week.

    3 votes

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     ·  1 comment  ·  Reconciliation  ·  Admin →
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  9. Find & Match function under Bank Reconciliation only allows to search for individual invoices to then pick invoices one by one. Please introduce the option to enter multiple invoices in the search field using a delimiter to then pick multiple invoices to reconcile. This would improve the reconciliation process materially.

    15 votes

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     ·  5 comments  ·  Reconciliation  ·  Admin →
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  10. I have a number of Telstra accounts that all come due within a day of each other. Xero can't tell the difference between the rules. I was thinking that when doing reconciliations, where it has the drop down tab "Options" if you could add "Choose a Bank Rule" it would save me having to ignore the wrong rule chosen by Xero and and manually have to fill in the data for the relevant Telstra Account when it comes in.

    28 votes

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  11. My payment provider has recently started taking their fee percentage prior to the deposit, versus charging me at the end of the month.

    This has caused each of my deposits to mismatch the invoice total.

    Meaning, I need to add a bank fee on each individual transaction.

    It would be EXTREMELY useful to have a "default bank fee" or "default credit card fee" button that would:

    1) Remember the Contact as [Payment Provider] (currently have to type that in manually)
    2) Add a default description "Credit Card Processing Fee"
    3) Allocate the charge to an account [5150 - Credit Card…

    9 votes

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     ·  4 comments  ·  Reconciliation  ·  Admin →
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  12. Need a process to close month end. After this process has been executed the month is locked and changes are not posted to it unless we unlock it first. This feature is available in other accounting packages

    10 votes

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     ·  3 comments  ·  Reconciliation  ·  Admin →
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  13. Create batch files for spend money transactions so if a payment needs to be made to say the ATO can create a batch file and upload to bank without needing an invoice.

    29 votes

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  14. Povide the ability for the bank rule to code to Items/Products/Services codes as well as GL codes

    7 votes

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     ·  1 comment  ·  Reconciliation  ·  Admin →
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  15. Add a "not" argument to bank rules to allow for a greater control

    e.g. bank text does not contain "example" or, amount isn't "x.xx"

    29 votes

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  16. When manually reconciling a bank clearing account, you have to manually add up the credits that you have ticked to make sure that they add up to the debit that you are reconciling to.
    It would be great if there was a figure showing the total of all items ticked.
    It would work exactly the same as when preparing a batch payment in the Purchases module where the total of all bills ticked is shown at the top.
    It would save SO MUCH time if we could have a similar total showing in the bank transactions screen - there can…

    18 votes

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     ·  9 comments  ·  Reconciliation  ·  Admin →
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  17. Our clients would like the option to show reconciled and uncoded options on the same uncoded items report. Moving from MYOB/Banklink they are used to reviewing all transactions and having the ability to add notes for us to then code and add in the accounting software. We have many clients who fill in this form for us to then enter into the software and at present then only way to show this is running a bank reconciliation report.

    11 votes

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    Appreciate familiarity to the way your clients may have worked with another system. 

    As noted in the initial idea while there's specifically a report for uncoded statement lines, the Bank Reconciliation report will provide a list of all statement lines (coded and uncoded) - Is there something missing within this report that you're looking for in this? 

    @Wayne, livestock trading is quite different to what's being asked for in this thread - you can join the idea for this across here

  18. As an accounts practice, we are looking to reconcile bank in timely manner, and not particularly concerned about supplier payment allocations against particular invoices. Therefore we would like to see cash coding option for Advisor to allocate purchase invoice payments against supplier account as overpayment, as we would be reconciling supplier balances after bank is all allocated. We would then reconcile overpayments in each individual supplier account.

    14 votes

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     ·  9 comments  ·  Reconciliation  ·  Admin →
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  19. Find and match on bank rec to still go green when there is an entry on the discuss tab.

    Currently the right hand side of the bank rec will only turn green if there is a possible match and nothing in the discuss tab. If there is something in the discuss tab it will not turn green even if there is a match.

    It would be great if the border of the box still turned green whilst displaying the comment to indicate that there is a possible match to allow the user to review and ok the transaction.

    20 votes

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     ·  4 comments  ·  Reconciliation  ·  Admin →
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  20. On the find and match screen, can we have the ability to expand the size of the window showing the list of transactions, so we spend less time on scrolling. The find and match shows 50 invoices at a time, but you have to scroll to see them.

    9 votes

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