Settings and activity
10 results found
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150 votes
Thank you for your engagement on this idea. To help explain a little on how this works in the Account Transactions(AT) report - what shows in the Description field when running the report is dependent on the type of account you're running the report for.
For example, when running the AT report for a bank account, transactions will show the Contact name in the Description field. This is because the detail that is entered on each description line in the body of a transaction relates to the account the line item is coded to.
To see the detail, you'll need to run the report for the account code, not the bank account. This is also how the report works for some other accounts such as the system sales tax account, Account Receivable, and Accounts Payable.
If you're trying to find the account a bank transaction or system account line has…
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Frank Burnham
supported this idea
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An error occurred while saving the comment Frank Burnham
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Account Transactions Report Description Cash Basis - please use the same transaction description text for cash basis reporting as it is displayed for accrual basis reporting. Currently cash basis description text is limited to "Payment: [Vendor Name]" which is utterly useless in performing analytical procedures of scanning to see the general business purpose for a cash basis report. This is a very common practice by CPAs to quickly gain an understanding of the nature of transactions in a given account for tax compliance reasons.
Currently users must drill down in each suspect transaction to the originating bill to see the actual description text entered by a client.
QuickBooks uses the same description text regardless of the basis of accounting for reporting purposes for this very reason. Just sayin....
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7 votes
An error occurred while saving the comment Frank Burnham
commented
I have clients that perform their own bank reconciliation procedures. I believe these users need to have the user rights to publish that bank reconciliation report to archive it in Xero. More flexibility should be given to standard users ability to publish reports instead of the all or nothing approach.
As it stands now I have to give them Advisor level user status in order to perform this very basic internal control procedure clients really need to be involved in. Xero user rights are over-simplfied in this area of concern.
Frank Burnham
shared this idea
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7 votes
An error occurred while saving the comment Frank Burnham
commented
I would REALLY like the ability to edit the name of a previously published report. Currently users can not do that.
My clients frequently publish reports using all sorts of goofy meaningless or confusing names. It takes time to drill into each one to see what the report is and whether it contains the relevant information I am looking for. Clients are frequently frantic and disorganized when it comes to accounting information. Since there are VERY limited document management tools available for published reports, being able to rename them in a consistent manner would be SUPER helpful in sorting and finding relevant reports.
Frank Burnham
supported this idea
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4 votesFrank Burnham
shared this idea
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1 voteFrank Burnham
shared this idea
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34 votesFrank Burnham
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253 votesFrank Burnham
supported this idea
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683 votes
Hi community, first off thank you for the continued interest and feedback surrounding this idea. We’re continuing to build on the bank reconciliation experience in Xero and recognise the ways this feature will help improve the efficiency, flexibility and transparency of transactions in your business. Our team have done a lot of exploration into being able to surface and match Credit Notes when reconciling your bank account in Xero, and this is now in development.
We’ll shift the idea here into ‘Working on it’ and continue to update as there’s more detail of this to share.
Frank Burnham
supported this idea
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50 votesFrank Burnham
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Frank Burnham
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8 votes
Thanks for the detail in your idea here, Paul. I had a bit of a test of this myself and have checked in with our reporting team.
It doesn't quite appear in the modal once the report's run - this is something that we'll look to improve.
However, it's possible to enter multiple terms which will each be searched and return results for (like OR as an operator) - All you need to do is enter a comma(,) and space between each condition.
For example A0, L0 or A0, A1, A2, 🙂
Frank Burnham
supported this idea
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Kelly, with sincere respect, I don't think you understand what we are asking. We want to run a report for expenses or assets or liabilities, or revenue, not the bank account, and see the specific description field that displays the description of the nature of the transaction. Virtually every general ledger system on the planet does this except Xero and I don't understand the blow back on this issue. We shouldn't have to justify why this is important to accountants but here it is:
Clients who record their own transactions are a disaster and the constantly miss-categorize transactions to improper accounts. If we can see the transaction language they used to explain what the transaction was, we can quickly determine whether there is an accounting error or not. There is more to accounting than the transaction date, vendor, and amount. Description satisfies the 'why' the transaction was incurred for business purposes.
For example, if a client processes a transaction with a transaction description as "dog food for Fido" and they record this to the Manufacturing Equipment account, we can very quickly determine that this an accounting error. However, Xero doesn't allow for the Manufacturing Equipment or whatever account transactions report to display the transaction description column. Instead, we have to drill down to the transaction a few click to see this.
This may seem trivial to a systems developer, but this basic reporting insight helps accountants perform a very traditional procedure called 'scanning', which is a traditional and valid auditing technique used in financial statement audits, tax preparation, and general bookkeeping services. When you see a couple hundred transaction that might be significant but you can't see the client's description, it is a colossal waste of time to click on each item, especially if you are hunting for transactions to reconcile a particular significant account balance.
Thank you for your understanding.