How is it possible that one of the most user-friendly, focused, and almost-perfect accounting platforms — Xero — lacks a basic but critical feature: the ability to import bank statement lines?
Why? What is the purpose of an accounting system if you can’t import bank statements?
We’re eager to adopt Xero across multiple accounting firms and legal entities in various countries. But we simply can't move forward, without the ability to import statement lines, it's operationally impossible.
What’s especially frustrating is that there are countless middleware solutions built on the open banking standard, like Ponto, that already provide secure, compliant access to transaction data from hundreds of banks. Supporting even one of these would instantly unlock this functionality for thousands of users. Why not enable integration with just one?
Every other accounting system we’ve used has significant flaws, and none come close to Xero’s overall design and usability. But without reliable bank statement import — unless you're tied to the very few Xero supported bank feeds, Xero becomes unusable.
This isn’t just a missing feature. It’s a total blocker for any serious company looking for a future proof accounting system.
How is it possible that one of the most user-friendly, focused, and almost-perfect accounting platforms — Xero — lacks a basic but critical feature: the ability to import bank statement lines?
Why? What is the purpose of an accounting system if you can’t import bank statements?
We’re eager to adopt Xero across multiple accounting firms and legal entities in various countries. But we simply can't move forward, without the ability to import statement lines, it's operationally impossible.
What’s especially frustrating is that there are countless middleware solutions built on the open banking standard, like Ponto, that already provide secure, compliant access to transaction data from hundreds of banks. Supporting even one of these would instantly unlock this functionality for thousands of users. Why not enable integration with just one?
Every other accounting system we’ve used has significant flaws, and none come close to Xero’s overall design and usability. But without reliable bank statement import — unless you're tied to the very few Xero supported bank feeds, Xero becomes unusable.
This isn’t just a missing feature. It’s a total blocker for any serious company looking for a future proof accounting system.