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  1. Reconciliation - Ability to reconcile clearing, control, and non-bank accounts in Xero

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    66 comments  ·  For small businesses » Accounting features  ·  Admin →
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    submitted  ·  AdminDana A (Admin, Xero) responded

    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…

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    Support @KIS commented  · 

    I watched your You Tube Video and it looks fantastic. Huge thank you for developing this. It is a game changer. I would love to test drive it when you are ready.

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    Support @KIS commented  · 

    Alex Lacota, that is very exciting news. Can't wait to see it when it's done.

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    Support @KIS commented  · 

    Thanks Alex for working on a solution for something that should be part of any Accounting Software. Unfortunately what you are describing at this stage doesn't sound like the solution I am looking for. The key need is to be able to tick and clear the bits and pieces that reconcile ( often this is to $0.00) and to be left with only the items that are waiting to be reconciled. For many Balance Sheet Accounts this can be complex and transactions that tick off against each other can be months apart. They can also be six transactions on one side that tick off against one or two transactions on the other side. It is so painful and time consuming and antiquated to have to deal with this via Excel.

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    Support @KIS commented  · 

    Fantastic Heather Smith. Thank you for once again doing an amazing job at representing us all. I think XERO needs to realise how critical this feature is. Reconciling in Excel is time consuming, tedious, inefficient and like stepping back into the dark ages. I reconcile the bulk of the Accounts in the Balance sheet and it is especially important for Clearing Accounts. And the more complex these are the more difficult and time wasting it is to do using Excel. Unfortunately I think alot of Accountants have never experienced the ease and efficiency of being able to reconcile within the software, so don't know what they are missing, and it's why this product request is not at the top of the list. For Accountants and Bookkeepers who have experienced this feature in other software it is a critical missing feature. It is 100% the reason why I recommend and sell way more of the competitors software than I do XERO, even though XERO is hard to beat in other ways.

    Support @KIS supported this idea  ·