🎁 EXCLUSIVE DEAL - Get 90% Off Xero for 6 months by signing up here: bit.ly/ytxero90 ✅ Get your FREE Xero Setup Checklist here: bit.ly/3ZgSaqt 👉 Master Xero without getting stuck with The Ultimate Xero Course for Australia: bit.ly/3CFkMkl ►► Do you wish you could get step-by-step instructions for setting up and using Xero quickly and easily? ►► Do you want clear explanations in plain English with all the information in one place? ►► Do you want to feel confident that you’re doing it right? 🚀 Then check out the step-by-step program for business owners to master Xero without getting stuck: bit.ly/3CFkMkl
This is a crucial feature that should be an option or built-in control in any accounting system. When unreconciling, the sole purpose is to unreconcile and not to delete or alter the underlying entries in the books. Unfortunately, some programs, like Odoo, misunderstand this concept, resulting in a confusing and incorrect approach to bank reconciliation, likely due to a non-English speaking European perspective on accounting. Another major issue with Odoo is its handling of statement and clearance dates. It automatically treats the statement date as the date when the bank transaction cleared, even if the actual transaction date in the books is later. For example, if money comes into the bank on 30/8 and is recorded in the books dated 4/9 and reconciled on that date, a reconciliation report run with an as of date of 31/8 will incorrectly show the deposit as reconciled.
I just noticed I have some unpaid bills from last year end , the draft bills weren't approved. I didn't realise this was from previous financial year end and I approved the draft bill - is this going to create issue for me since it's from last year end
Hi, if I made those bank entries manually without using the reconciliation function and my unreconciled items piled up to more than 500. Is it possible for me to clear those unreconciled items to make it 0 unreconciled items?
I click unreconcile a payment: yes, it jumps back to bank feed as unreconciled, but also it stays in the bill si I can't match it with the correct payment. What should I do now?
🎁 EXCLUSIVE DEAL - Get 90% Off Xero for 6 months by signing up here: bit.ly/ytxero90
✅ Get your FREE Xero Setup Checklist here: bit.ly/3ZgSaqt
👉 Master Xero without getting stuck with The Ultimate Xero Course for Australia: bit.ly/3CFkMkl
►► Do you wish you could get step-by-step instructions for setting up and using Xero quickly and easily?
►► Do you want clear explanations in plain English with all the information in one place?
►► Do you want to feel confident that you’re doing it right?
🚀 Then check out the step-by-step program for business owners to master Xero without getting stuck: bit.ly/3CFkMkl
Thanks for making the videos. They are all very helpful and states the fact clearly and to-the-point.
This is a crucial feature that should be an option or built-in control in any accounting system. When unreconciling, the sole purpose is to unreconcile and not to delete or alter the underlying entries in the books. Unfortunately, some programs, like Odoo, misunderstand this concept, resulting in a confusing and incorrect approach to bank reconciliation, likely due to a non-English speaking European perspective on accounting.
Another major issue with Odoo is its handling of statement and clearance dates. It automatically treats the statement date as the date when the bank transaction cleared, even if the actual transaction date in the books is later. For example, if money comes into the bank on 30/8 and is recorded in the books dated 4/9 and reconciled on that date, a reconciliation report run with an as of date of 31/8 will incorrectly show the deposit as reconciled.
Thank you - explained so clearly. Very helpful. You are my go-to Xero help!
Great to hear!
Thank you for these videos. I have so many questions. How do I sign up ?
I just noticed I have some unpaid bills from last year end , the draft bills weren't approved. I didn't realise this was from previous financial year end and I approved the draft bill - is this going to create issue for me since it's from last year end
Hi, if I made those bank entries manually without using the reconciliation function and my unreconciled items piled up to more than 500. Is it possible for me to clear those unreconciled items to make it 0 unreconciled items?
Anyone who can explain me in what cases we unreconcile the items because my senior instructed me to always remove and redo the transactions?
Can u unreconciled all at once?
good video. just straight to the point.
Thanks for your feedback. Glad I could help!
I click unreconcile a payment: yes, it jumps back to bank feed as unreconciled, but also it stays in the bill si I can't match it with the correct payment. What should I do now?
Use Remove and Redo instead
Help! I'm new to Xero, could you please tell me how I reinstate a voided invoice number? Thank you
When you search for an invoice you can check the box for "Include Deleted and Voided Invoices" and find your voided invoice in the search results.
What about for an invoice or bill... if you "remove and redo" a reconciled bill/invoice will it delete the bill/invoice?
No. It will just remove the payment made to the bill or invoice.
is this applicable also to all the reconcillation mistakes made from prior years?
@@cathyandajer1436 Prior years would be locked so you can't change anything.
if i selected the wrong bank account for the 'paid to' invoice details, how can i revert this and select the correct bank account it was paid to?
You need to use the Remove and Redo tool.
How do I link bills to a bulk payment? Eg. I paid R1000 to a supplier but the amount is made up of different invoices.
With the Match tool. Try this ua-cam.com/video/XhEv5pGpBZw/v-deo.html
Thanks very clear
You're welcome!