Settings and activity
2 results found
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72 votes
Russ Willing
supported this idea
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142 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 An error occurred while saving the comment Russ Willing
commented
Whilst this only has 90 odd votes I suspect it is a problem much wider than noted here. A huge number of small businesses use a POS system and download daily sales journals and bills into Xero. They often have cash clearing accounts which have to be reconciled with banking, eftpos clearing accounts to be reconciled with eftpos takings, direct payments clearing accounts that the y receive on line and gift card clearing accounts. I support many small businesses and I am always amazed that very few reconcile their clearing accounts because they just haven't even considered it (and their accountants just write off any differences I presume). These people are not likely therefore to look for a solution or find their way to this support note.
Russ Willing
supported this idea
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Hi Alex
Yep. I'm seeking line by line reconciliation too.