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  1. Bank Reconciliation - Repeating spend & receive money transactions

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    48 comments  ·  Banking & chart of accounts » Reconciliation  ·  Admin →
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    submitted  ·  AdminKelly Munro (Community Manager, Xero) responded

    Hi team, we appreciate your engagement in the idea here however we want to be open that we don't have any plans for developing repeat spend or receive money transactions atm.

    If you have the suggest previous entries option turned on in your bank account, you may find that overtime Xero suggests create transactions based on your previous reconciliations.

    Alternatively, you could look to create bank rules for these scenarios where Xero will pick up commonalities in your rules to your statement lines and help with reconciliations.

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    Georgia Evans commented  · 

    Xero is geared toward transaction downloads which is fine however as an accountant who handles multiple clients it is a huge benefit to be able to enter repeating transactions each month. This enables my clients to plan cash flow for the month. I have found a work around but it's a little time consuming. I enter a bill for the transaction with the number "auto" ahead of time and then check every few days for those bills that are awaiting payment and then manually pay using the due date - which is the date that they will be deducted from the account. If you set the bill date 15-30 days before the due date it works but it would be alot easier to just have the spend money transaction auto enter.