This is an extremely important feature when handling the bookkeeping for other firms. It is the most efficient way to review whether transactions are in the correct accounts and are being coded consistently. Many of my clients like to see this report EVERY month, so they stay 'in touch' with the financial transactions in the business. Xero's suggestion to just run a report of all transactions is not even close to the same thing. We really need to see the detail of the transactions set up in the SAME format as the Profit and Loss and Balance Sheet. You have an opportunity at the moment to take away a chunk of market share from QuickBooks Online. Clients and bookkeepers alike are frustrated with the changes made. But Xero needs better reports, and a true reconciliation option before that will happen. Don't miss this opportunity!!
Ann Aspengren
supported this idea
·
This is an extremely important feature when handling the bookkeeping for other firms. It is the most efficient way to review whether transactions are in the correct accounts and are being coded consistently. Many of my clients like to see this report EVERY month, so they stay 'in touch' with the financial transactions in the business. Xero's suggestion to just run a report of all transactions is not even close to the same thing. We really need to see the detail of the transactions set up in the SAME format as the Profit and Loss and Balance Sheet. You have an opportunity at the moment to take away a chunk of market share from QuickBooks Online. Clients and bookkeepers alike are frustrated with the changes made. But Xero needs better reports, and a true reconciliation option before that will happen. Don't miss this opportunity!!