Settings and activity
3 results found
-
9 votes
F R
shared this idea
·
-
2 votesF R
shared this idea
·
-
6 votes
Hi Faris, generally as a bill is received prior to payment so currently it's expected that the bill would already exist in Xero when reconciling.
Appreciate your example of where this could create efficiency and we'll get an idea of the support in this here. 🙂
In the meantime, depending on your type of sales you may find an integration in our App Store that could serve by automatically creating the transactions in Xero.
An error occurred while saving the comment F R
shared this idea
·
Thank you.
I've found another example where this is needed.
One of our suppliers debits our bank account immediately when we place an order for an immediately-supplied online product. However, they do not generate and send out a bill for another 7 days, to allow for cancellations.
On the bill, the supply date is when the money was taken, and the tax date is the date of the invoice.
The reasons behind their strange methodology are complex (and kind of stupid if you ask me) ... but that's what they do.
The procedure I'd love to be able to follow would be to either:
Generate a Bill during reconciliation, giving it a date 7 days in the future since I know that's when I'll receive the actual bill.
OR, even better:
i) Spend Money during the Reconciliation
ii) When I receive the actual bill, forward that to my Xero email-to-bill address
iii) Convert/Merge the Spend Money entry with the actual Bill.
Now that would be absolute magic!
(I'm aware that there are separate votes for being able to convert a Spend Money entry into a Bill, and I realise I've gone a bit off-topic, but I wanted to explain what I'm on about really)