Settings and activity
2 results found
-
153 votes
Hi everyone, thanks for your feedback on automatic remittance sending.
We understand the efficiencies this could provide to your workflows and it's something our product team have reviewed and are interested in developing, however we do not have this work planned just yet. We’ll let you know here if there’s any more news about this in our future roadmap.
An error occurred while saving the comment 
Martin Wilkinson
supported this idea
·
-
13 votes
Hi team, we appreciate wanting a direct feature within Contacts in Xero that helps verify a contact's bank account details when entered.
Being open this isn't something we have plans for at this time, however I'd like to highlight existing features that may meet some of the needs here.
You can use the Assurance Dashboard to check contact details that have been edited that can help with identifying errors or potential fraudulent activity.
For those using online bill payments there are also some verifications as part of this process;
- Australia with AirWallex - Each payment is subject to a Confirmation of Payee (CoP) check, verifying that the account details match the bank’s records.
- UK with Crezco: CoP may be applied by the bank; the payee name in Xero must match the name held by the bank.
- US with Melio: Melio verifies supplier payment details when first entered and saves them.…
Martin Wilkinson
supported this idea
·
An error occurred while saving the comment Martin Wilkinson
commented
It would be good if Xero could validate bank details when entered in case there is an account or sort code error or if the account does not match the name of the account holder. Most banks now offer this service to prevent fraud and payment errors.
This would be a great improvement i.e. adding an option to send remittance advice automatically when a supplier bill or expense is paid.
This could be a tick box when entering the bill or expense, with a choice of trigger—for example, when payment is made through Xero or when the payment is reconciled against the bank transaction. The recipient’s email address could be entered or confirmed at the same time.
This would save time for small organisations, help recipients identify their payments and reduce follow-up queries. The system should prevent duplicate remittances if a payment is subsequently reconciled.