Settings and activity
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152 votes
Hi team, we appreciate your engagement in the idea here however we want to be open that we don't have any plans for developing repeat spend or receive money transactions atm.
If you have the suggest previous entries option turned on in your bank account, you may find that overtime Xero suggests create transactions based on your previous reconciliations.
Alternatively, you could look to create bank rules for these scenarios where Xero will pick up commonalities in your rules to your statement lines and help with reconciliations.
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Nadine Harrison
supported this idea
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201 votes
An error occurred while saving the comment Nadine Harrison
commented
I assumed that this would automatically be included and have recommended Projects to two new clients on this basis. I am now wishing I had put them on Quickbooks instead. This thread has been running for two years and still has not been resolved which does not make me too hopeful of it being available any time soon.
Nadine Harrison
supported this idea
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My client deals in many cash payments and so I have a "Cash Account" set up as a bank account in Xero. Previously, when the client used Quickbooks, I was able to use a single recurring journal template to post things like a weekly cash payment of wages to multiple employees, it was all done in three clicks. I cannot believe there is nothing similar in Xero. The only way I can find of achieving this is to manually create a Spend Money transaction for each individual employee payment and then manually copy each of these transactions for each subsequent week. What was previously a 1 minute job has now become a 10 minute job. Everyone told me that Xero was better than Quickbooks but I have yet to find any major benefits.
Xero's suggestion to set up a bank rule is not helpful as, without a bank feed or statement upload, you cannot create a bank rule.