The blue reconciled button togeher with the green tick suggests that all is correct. Yet, this amount has no process of being checked against the bank statement or actual bank balance (noting here that issues can arise from time to time with datafeeds). All that has happened is that all transactions within the Xero system have been allocated/matched.
Could the term currenlty used as 'Reconciled', be relabelled to 'Allocated'?
Could the words around 'check the bank statement' be moved/highlighted/enlarged, so that it is clear that merely allocating all transactions does not mean the bank account is reconciled?
Julie Postma
supported this idea
·
The blue reconciled button togeher with the green tick suggests that all is correct. Yet, this amount has no process of being checked against the bank statement or actual bank balance (noting here that issues can arise from time to time with datafeeds). All that has happened is that all transactions within the Xero system have been allocated/matched.
Could the term currenlty used as 'Reconciled', be relabelled to 'Allocated'?
Could the words around 'check the bank statement' be moved/highlighted/enlarged, so that it is clear that merely allocating all transactions does not mean the bank account is reconciled?