Settings and activity
4 results found
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14 votes
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46 votes
Great suggestion, Ben! Thanks for your comment here.
Currently, our automation relies on your Xero organisation's reconciliation history and bank rules, new organisations, or those with a limited history, may find it takes longer for the automation to learn patterns initially.
To get the most out of automation, we do recommend setting up bank rules, keeping your contacts and chart of accounts up to date, and reconciling frequently.
When you're just getting set up and started there is also the option of uploading a pre-coded bank statement to help with getting your first few months of spend and receive money transactions created and reconciled quickly.
We appreciate how this process could help in onboarding new clients and setting up their organisations, and this is something we're exploring. I'll be sure to share any progress of this through the idea here.
Andrew of Smarter Numbers Pty Ltd
supported this idea
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62 votes
Hi team, thanks for the interest in this idea.
We've now provided an option when turning auto bank reconciliation on or off where you can apply the setting to all bank accounts in one step.
From the auto-reconcile settings you'll be able to see history of who changed this and when.
We haven't added a default for new bank accounts or across multiple organisations at this point. We'll continue to review and share if there's any progress surrounding this, here.
Andrew of Smarter Numbers Pty Ltd
supported this idea
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105 votes
Hi team, thanks for the additional insights to those that have shared via the poll in my last update - You can still rank the importance of stats with us anonymously through the link here. 😊
It's truly valuable to get this feedback from customers to understand what insights would be most valuable for our customers to see and action on quickly.
Right now we don't have immediate plans, but we'll take these learnings into future planning to continue to develop automated bank rec, and I'll share if there are any updates with you all here.
Andrew of Smarter Numbers Pty Ltd
supported this idea
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To save on unnecessary clicks / comms once a pre-defined task / process has been completed, why can't Xero automatically send a RSS feed to the next in line to review or progress the task thereafter.
For example, (say) a bookkeeper completes a bank reconciliation, or aged debtors review, or aged payables reconciliation task on a monthly basis. Once finalised, say a question is posed "Have you completed this task ?" or a field is made available within Xero for the concluding team member to click to close this function as part of an Audit trail and in so doing the next in line, say Reviewer or Partner receives a RSS feed into their Workpaper To Do List to progress through.