Reckon Product Ideas

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Allow imported bank transactions to be split

We receive inbound payments using a bank feed. Some of these payments need to be allocated to multiple customer accounts. Currently it is not possible to do this in Reckon One.

We would like to be able to split a transaction to multiple contacts when importing from a bank feed or CSV

  • Avatar32.5fb70cce7410889e661286fd7f1897de Guest
  • Apr 20 2018
  • Under Consideration
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  • Avatar40.8f183f721a2c86cd98fddbbe6dc46ec9
    Guest commented
    June 04, 2018 02:40

    Competitor products have a capability called Find & Match when doing reconciles so you can select multiple Bills or Invoices that are being paid at once. Reckon currently only has Match - which does a one to one match rather than one to many. This feature is extremely helpful.

  • Avatar40.8f183f721a2c86cd98fddbbe6dc46ec9
    Guest commented
    September 07, 2018 06:50

    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.

  • Avatar40.8f183f721a2c86cd98fddbbe6dc46ec9
    Guest commented
    November 14, 2018 04:01

    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?

  • Admin
    Jason Hollis commented
    November 16, 2018 04:03

    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. 

  • Avatar40.8f183f721a2c86cd98fddbbe6dc46ec9
    Guest commented
    November 16, 2018 08:37

    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

  • Admin
    Jason Hollis commented
    December 11, 2018 18:22

    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. 

  • Avatar40.8f183f721a2c86cd98fddbbe6dc46ec9
    Guest commented
    December 12, 2018 11:22

    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

  • Admin
    Jason Hollis commented
    December 13, 2018 04:15

    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. 

  • Avatar40.8f183f721a2c86cd98fddbbe6dc46ec9
    Guest commented
    26 Mar 07:11

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

    Thanks,

    Greg

  • Admin
    Jason Hollis commented
    27 Mar 05:29

    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. 

  • Avatar40.8f183f721a2c86cd98fddbbe6dc46ec9
    Guest commented
    02 Sep 12:11

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

  • Admin
    Jason Hollis commented
    04 Sep 04:40

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

  • Avatar40.8f183f721a2c86cd98fddbbe6dc46ec9
    Guest commented
    04 Sep 05:20

    Hi Jason,

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

    Cheers
    Christoph

  • Admin
    Jason Hollis commented
    07 Sep 02:51

    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.