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1. Allocate Spent Money to supplier invoices issued at a later date

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   1 comment  ·  For small businesses » Accounting features  ·  delete…  ·  Admin →
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   submitted  ·  AdminKelly Munro (Community Manager, Xero) responded

   This is a bit backwards to the intention of what spend money transactions are designed for, Kevin. 

   Is there a reason reconciling the payment as a prepayment couldn't work for you here? This way when the bill is received and entered in your org you can allocate all the credit from those prepayments to the single bill without remove & redo. 

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   Donald Brown commented  ·  13 June, 2024  ·  Edit…  ·  delete…

   Cherry suggested I add my comment on this stream though it may be a different problem. When a customer pays their invoice by credit card, it is included in a single bank deposit with all the other credit card payments from that day. Xero has no way of reconciling the invoice payment in that bank deposit. I am required to enter the deposit minus the invoice ammount. Then combine the deposit with the invoice using the FIND & MATCH in the reconcile window. This is cumbersome and brings manual math mistakes into the process.

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