Reconcile via the API
Be able to reconcile bank statement lines via the API.
Unfortunately reconciliation via the API is not a planned feature for the short-medium term.
For some of your scenarios, consider using the approach described in our guide for handling payment processor receipts in Xero could be a whole lot more efficient. http://developer.xero.com/documentation/api-guides/handling-payment-processor-receipts-in-xero/
While we will continue listening to requests on this thread, there are a number of significant issues that prevent us from working on this for the time being.
Hello everyone, we know this has been a longstanding request, but a number of security and licensing issues have prevented us from providing this.
Colin MacLeod commented
+1 vote from me
We are using the API extensively to integrate with our POS system and this would make life easier.
I need this because I have a lot multi-currency transactions that I need to reconcile - the currency value from my bank statement doesn't always match the receipt so I was hoping to do this programmatically with an algorithm that makes smart assumptions about the most likely transaction -> receipt reconciliation.
Add votes from me. We pay bills for our clients and it would be great to reconcile them once the checks actually hit the bank account.
Another couple of votes from me. We run some software to import Stripe transactions on behalf of clients and it would be great to then automatically reconcile them
Kim Richardson commented
We process direct deposits through an external payment source, we set a merchant reference and the bank posts the reference number. Would be great to be able to auto reconcile this via an API that can match up the payment.
Jacob Gur commented
The problem with the suggested solution is that you still can't match the specific invoices with the deposit. The clearing account is basically treated as a pool of money.
This feature is VERY important to our business. We receive lump deposits which are related to several clearing accounts. It is impossible for us to manually break down every deposit and determine the proportion associated with each clearing account. An API would be the only solution. I believe this would make Xero a very powerful tool.
Adam Law commented
This is very important to me even as a sole operator
Peter McCarroll commented
In addition, or as a substitute, we also need to be able to create payment batches through the API (groups of invoices/bills under a single Payment transaction in the bank ledger). This would alleviate a huge issue people are asking for here.
Ross Stanley commented
As a manufacturer who sells product to supermarkets, we experience high volumes of invoices and credit notes (over a hundred per week) which are covered by a single payment from the supermarket's head office (for the month). In these cases the UI provided by Xero for this task is totally inadequate.
What accounting software package are other manufacturers using that solves this problem?
Any updated on this as it seems the community really requires this feature?
We too have a use case where this missing feature prevents us from full integration into Xero.
Can someone from Xero please comment or give any updates on this request?
What they said.
Ian Bishop-Laggett commented
Like many of the comments above, we have a front end that records invoices, payments and the allocation between the two. It is also possible to know to which statement line those payments belong. Credits cards appear on the bank statement as one line, but we know which payments make up that line and to be able to mark them as reconciled to that line would be great. It's a very manual task at the moment.
Hi there - we're developing an app at the moment that will receive hundreds of transactions per day, and there's no way that we'd be able to manually reconcile all of them. We've only just come up against this limitation in Xero and it's real show stopper.
Please API reconciliation would really help!
We currently import over a thousand lines from a paypal account a week. The largest account Xero has is 1000 reconciliation. So it seems to me that Xero is concerned about the number of transactions in their resources. With paypal I'd love to see the option of not importing every payment and fee - but rather every days total fee and received. The only problem with this is for money spent. I need all money spent imported. Doing this manually would make me very :-(
Craig Luke commented
We use your suspense account suggestion, and it's an absolute pain to reconcile large numbers of transactions. Please, please add reconciling to your API and reduce the time we have to spend manually reconciling things!
Andrew Smith commented
We have about 7,000 client invoices with matching bank lines (credit card and cheque account incoming amounts). This week Xero basically konked out, and we can no longer reconcile through the site. Support tells us that Xero is only designed for 500 transactions a month.
I'm not sure whether Reconciling via the API would work, but I can successfully retrieve invoices and bank transactions, so I can only assume that it would be possible.
It is a sad, sad day as we have to contemplate another accounting page that doesn't have Xero's limitations.
Josh Stuart commented
At least allow an auto reconciliation flag for any matching rules. We have 1000's of micro transactions each week to our Paypal account and right now it's a pain to manually approve in the bank feeds.
we are making payments with reference numbers, and the invoices that they apply too. it would greatly help us if we could reconcile the data via the api.
Yes please, full reconciliation is a killer otherwise as has been pointed out by other commentators here