Settings and activity
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1 vote
Annie Pearson
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9 votes
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25 votes
An error occurred while saving the comment Annie Pearson
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65 votesAnnie Pearson
supported this idea
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15 votes
An error occurred while saving the comment Annie Pearson
commented
This would be great. That said given what STP is now enforcing (I think a good thing) it is so important that super is paid on time. There are a few issues that really need enhancing 1) The current process if a superfund bounces a payment. a) the **** superfund should be notifiying us for starters or at least Xero. Currently it just turns up in the bank account with no indication of what it relates to and sooo easily reconciled as something else and it can be very delayed ie. months after the submission b) it really needs to automatically bounce back in to the AutoSuper list as unpaid - currently it just changes what shows as lodged amount with again no notification that anything has been unsuccessful, not to mention the time it can take to work through and identify who's exactly it was and then have to email Xero to request they reset it. We do need this whole process tightened up please there are huge fees and charges for late super and now with STP ATO will be on to it even if it's a day or so late. The other thing we really need to standardise is when there is a new employee that doesn't had a fund and either elects to go with the employer preferred or doesn't provide a fund and hence employer sets up employer preferred - this should be standard across all superfunds that we just need to enter 'NEW' or "NEW MEMBER" and that's it, obvious, done, dusted- I know it's probably the superfunds systems that are not up to it but they need to be so we need Xero to negotiate, push back, with funds but probably regulators/Govt whoever. Automated super reconciliation and the whole process needs some love and attention and revamp. please
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140 votes
Hello everyone, appreciate all your feedback here. To be upfront, we don’t have any plans to develop the ability to reconcile clearing, control and non-bank accounts in the near future.
Some of the technology improvements going on across Xero will create more opportunities for us to explore extending some of the more complex functionality from one part of Xero to another. However, we are some way off from this yet.
That being said, there is the Account transaction report that could be handy in providing a view of both sides of a transaction in Xero. You can include the related account as a column in the report - See more in our help article on this.
Alternatively, if you’re using an external system, you could look into the Xero App store.
Appreciate there are also lots of ways others are using Xero’s to fit their needs - If you…
An error occurred while saving the comment Annie Pearson
commented
Yes OMG Thanks Heather Smith - that is brilliant. & I am just going to add that this around the Superannuation Clearing account and automated super is really becoming critical. With STP now the ATO are on late super straight away - dots are connected so even if people are a few days late with their super it could get quite costly with fines and charges. The Auto Super if a super fund bounces is sooooooo fraught with danger - it just bounces back in to the bank with no real clear notification that it has done so - shocking. In the bank it's far too easily mis allocated. I had a client reconcile it as Sales only to pick it up a year or so later when we started doing it, actually couldn't even find it in the end. That whole superannuation reconciliation process really needs to be improved, automated - it's all manual now and very very work around and potentially costly - Hope Xero have a review team working on this. Happy to be a part of as we really need this, not just for efficiencies and checks and balances - we need to be on this straight away. Welcome all thoughts on work arounds and processes for now but what we really need is better automated system reconcilation process and maybe better comms/feedback from the actual **** superfunds as well.
Annie Pearson
supported this idea
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An error occurred while saving the comment Annie Pearson
commented
Have to say I really love the Quickbooks Wizard for BAS and Workpapers. Reconciliation is great.
We currently do a work around in Xero ie. publish when we run the reconciliation report and compare it against the bank statement otherwise 6mths down the track when something that has thrown it out of balance, we have no way of knowing when it was last reconciled. We do this for ourselves/team so anyone (inc other collaborative users using the file eg. Bus Owners, Accountants) can log in and if they need check the published reports to see when it was last reconciled (what I call stage 2 of reconciliation) Would love Xero to even just start with improving the Bank reconciliation process but yer, ability to 'Reconcile' other non bank accounts would be great. Much prefer that than all the facade face lifts that yer yer I know are supposedly the foundation for greater functionalityAn error occurred while saving the comment Annie Pearson
commented
Obviously we have lived without it to date so can't say Critical but OMG it would be awesome, amazing - Bring it on
Ability to enter bulk - annual leave and RDO leave request ie. Add/create once across multiple employees at a time. Bulk Annual Leave very useful for Christmas break and RDO v useful all throughout the year