Allow imported bank transactions to be split

Hi Ernad, unfortunately, the new banking designs are likely to be delayed until next year. We have been focusing on single touch payroll phase 2 for the past 18 months, which took longer than anticipated. We understand the importance of planning, but given the nature of the industry, priorities shift frequently. Thus, we have decided to prioritise more advanced payroll features, feature enhancements to our employee app, Reckon Mate, and complimenting our new Invoice app with a web companion.

Hi Jason,

Is there an update to the implementation of this idea? Last we heard it is in scope.

Is there an actual fixed date for this? The nature of our transactions makes it very time consuming to manually create entries due to different contacts for singular bank transaction.

We’re keen to move to another product in the new financial year if there are no updates.

Thanks!

Ernad

Thanks for the disappointing response Jason. I have heard it too many times now and will start looking at other accounting software unfortunately which I didn't want to do. Everyone else has easy reconciliation and it just wastes hours in Reckon One. thanks, Greg

Hi Greg. We have commenced designs for the new and improved banking and this idea will be included in the new user interface due at the end of 2022 (at this stage).

Hi Jason, It is now 3 years since we spoke about this functionality coming out. The last comment it would be ready in July, but I have not seen anything - or have I missed something. REconciling in Reckon One is the worst lack of feature that you have and where everyone has to waste a load of time right now. thanks, Greg

Hi @ernad. The design of our new banking interface is scheduled to commence in July this year. This item is most definitely in the 'must have' column for the design team.

Hi Jason,

is there an update on the development of this idea?

Thanks,

Ernad

Hi Christoph. In summary rather than trying to shoehorn this into the existing design we are going to incorporate the process into our new banking screens - this first of which is the coding screen that will be out of the beta period shortly.

Hi Jason,

Looks like there is some progress. Could you please send some more info, thanks.

Cheers
Christoph

Hi Greg. In short - Yes. I have sent you an email directly with more detail.

Hi Jason, is this ever going to happen? thanks, Greg

Hi Greg. We weren't happy with the final outcome of our design so we have gone back to the drawing board. As this idea moves up in rank we'll throw effort at it again. We were hoping for a quick win but alas that was not to be the case. 

Hi Jason, I was just wondering how you are getting on with this?

Thanks,

Greg

Cheers Greg. We might give you early access next year for your feedback - that would be great. We actually have to work on the bank payments area in conjunction with splits. We are looking at it early next year so we can provide a more complete solution. We are hopeful the new BANK REC process has helped, however we do have several pieces of work planned in banking next year so the job is far from done. As a former business owner and bookkeeper, I definitely want to provide an easy and efficient process for all, and the entire team are committed to achieving this. Jason. 

Thanks Jason, If you want any input I am happy to provide it. Hopefully this can be done without too much difficulty. Reconciling is a bit of a nightmare in Reckon at the moment. I think this is the most inefficient workflow (and something we have to do all the time) in Reckon One where other things are really good generally.

Thanks,

Greg

Hi Greg. We are going to go back to the drawing board on this one as the current design won't cover your use case, which is an important one. 

Hi Jason, glad to hear things are progressing. I am hoping that it not only lets you split the allocation of funds but allows you to PICK the items that the amount relates to. Right now the quick coding does NOT allow this and so it is not much use if you already have the bills or invoices in the system that you are trying to mark off. thanks, Greg

Hi Christoph. This work forms a small piece of a much broader piece of work we are currently undertaking with bank data feeds, quick coding, new rules engine and interface, new banking dashboard, and the ability to have +ve and -ve transactions on all transactions. You would have seen these start to roll out already, with the new bank reconciliation due within 2 weeks. As we roll through these splits will be added to the main workflow. 

I have had this problem several times. Using Stripe for credit card payments and their payouts combine several transactions from one day... selecting multiple bills from multiple clients would solve a lot of my problems... Hope this feature will be developed soon!!! Thanks in advance. Do you have an ETA fro this feature to arrive in Reckon One?

Great to hear this is being worked on for inbound payments. Can I also ask that it takes into account outbound payments too. Currently, when we make a payment of lots of bills at once, the bank statement sees the total on the transaction list, but then we very annoyingly have to go to another screen, find all the transactions, mark them off manually, which defeats the purpose of bringing in the bank transactions. Reckon already knows what bills have been paid so not sure why it doesn’t pick that up. Both MYOB and Xero reconcile with the total transaction amount automatically.