Settings and activity
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134 votes
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Win Smith
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459 votes
Hi everyone, appreciate there are more regions users would like to see us adopt solutions for and we'll keep you in the know of any progress, here.
In the UK, we have some updates with the bill payments method with Crezco. You now have more control of your cashflows with the ability to schedule bills to be paid at a future date using direct bank transfer. This'll help avoid potential bank charges for same day transactions, and missing due dates. Along with this you'll also be able to stay up to date with your payments with real-time payment status in Xero. Meaning you don't have to log into your bank to check the status of each bill payment. With an overview of all payments made using direct bank transfer, you have an accurate record of which suppliers have been paid, and when.
An error occurred while saving the comment Win Smith
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I understand the complexities/barriers with electronic bill payments, however, if in partnership with Stripe you could facilitate a way to initiate ACH from within Xero you would negate the need for 3rd party apps like bill.com that dramatically undermine the experience of using Xero in the first place. I chose Xero over Quickbooks because of the seamless integrations and web-native structure. Phantom transactions that arise, sync errors that cannot be resolved, countless times bill.com has created an error in my accounting ultimately reflects on my xero user experience. Please do something to alleviate the difficulty of 3rd party bill payment apps.
Win Smith
supported this idea
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Im guessing this is a legacy issue from back before we had a contact field for a given transaction, but it really needs to be fixed for proper revenue recognition. Right now I need to manually type in a customer in the description field, get rid of any narration that would appear there, then manually add it to the contact field for every instance of rev rec by customer in a report outside of xero. This will not work for any saas company of any scale.