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  1. Bank | Ability to reconcile period - Regions outside CA and US

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    4 comments  ·  For small businesses » Accounting features  ·  Admin →
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    submitted  ·  AdminKelly Munro (Community Manager, Xero) responded

    Hi community, with reconcile period being the most frequently requested feature by our Xero customers in the US and Canada, this feature was released to these regions as a primary. We know in these regions this workflow is more familiar than Xero’s existing bank reconciliation workflow where you categorize and match transactions as you go.

    We're evaluating the need for the feature in other regions but at this stage no decision has been made. Our product teams will continue to track the support for this on the idea here, and I'll be sure to share if there are any updates on expanding this feature to other regions.

    Suk Fang Chong supported this idea  · 
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    Suk Fang Chong commented  · 

    I am surprised that there is no bank reconciliation function outside of CA and US. This function ensures the integrity of financial records by locking in reconciled data, providing a clear audit trail, and safeguarding against unintentional or unauthorized changes after the close of a reporting period. How can this be happened? no plans to apply this feature globally???