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  1. General Ledger - Account reconciliation function

    8 votes

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    3 comments  ·  For small businesses » Accounting features  ·  Admin →
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    Gaining Support  ·  AdminPaul Hodges (Admin, Xero) responded

    Hi, thanks for sharing this idea. This might be useful for situations such as suspense accounts, where entries are intended to net each other off.

    We've reviewed your idea and now it's up to the community to get behind and support it. Make sure you share your idea with any colleagues that this could benefit so they can add their vote too!

    Along with votes, other members can now comment to share additional detail about how your idea could improve their experience with Xero.

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    Daniel Olive commented  · 

    I very much support this idea.

    It is very common within other accounting systems that a nominal ledger account can be reconciled. This is especially useful for accounts which have reversing entries, such as prepayments an accruals. It's a massive time saving feature, and actually essential, if the user wishes to see the make up of the balance on an account. (e.g. which prepayments are outstanding)

    Other accounting systems (such as SAP Business One) allow transactions to be ticked, thus marking them as reconciled. Then within the account transaction report, it is possible to run a report either reconciled (showing open balances) or unreconciled (showing history transactions).

    If Xero could add a simple functionality like that, it would be brilliant

    Daniel Olive supported this idea  ·