You can stop importing those .csv files into Xero Personal – our personal finance product now has bank feeds! Connect Xero Personal to your bank and your online banking transactions automatically come through every morning for you to sort and categorize.
Many of the bank feeds supported by Xero Business are supported immediately, with more coming in the New Year. Over time the number of banks included will only increase.
We’ve also added notes to transactions so you can put any detail you want on your spending. Have a look at how bank feeds, sorting rules (released in July) and notes on transactions work together to give you a complete picture of your finances in this video:
Check this list now to see if your bank is available, or log into your Xero Personal, add an account, and type in your bank’s name to see if it is there.
Today we released the ability for our community to vote as an input into future Xero business and personal features.
Deciding which features to work on next is at the core of my role, and our other Product Managers. As you can imagine there are lots of opinions and realities to deal with but the more information we have the better – and that’s exactly what feature voting gives us. It’s a great opportunity for you to add your voice to how Xero evolves and for me to take this on board when working on our roadmap.
I’ve spent this morning going through the most popular requests and updating their status – nice to be able to set some to “Completed” and “Started” and to know that we’re on the right track with lots of others.
Here’s how it works – you get 5 votes to apply to your most desired features. Simply log into Xero Business Community or Xero Personal Community and search through the discussions under the Feature Requests topic. If you can’t find what you are looking for you can start a new feature request. Once you’ve found the feature you want to support then cast your vote by clicking on the Vote button.
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Back in April we advised a delay in getting started on developing automated bank feeds into Xero Personal. This was due to the improvements required to our underlying banking integration platform to manage the continued growth in use of bank feeds with Xero.
This work took several weeks longer than expected but the team are now full steam ahead connecting Xero Personal into the banking platform. However, with this later than anticipated start we won’t make our target of a July/Sept quarter release – it will slip into Oct/Dec. We’ll keep you up-to-date with progress.
Today’s Xero Personal release makes it quicker and easier for you to see where your money is going so you know you’re on track.
Your sorting rules now truly reflect the way you shop. You’re able to create rules that contain only part of the payee name. So when you shop at different branches of the same store your transactions still get sorted – without having to be an exact match on your statement.
Your transactions will be sorted automatically based on the rules you create, as well as a few suggestions from us of based on what’s commonly used.
Check out the video to see it in action:
Want to start sorting your transactions? Signup for a free trial of Xero Personal.
The introduction of automated bank feeds is a key and complex piece of work for the Xero Personal team and understandably it’s also high on the customer request list. We’ve made progress with laying the groundwork for the feeds over the last few releases and now it’s time to give you an update.
In May, the next Xero Personal release will introduce new categorisation or sorting logic, including improved user defined sorting rules. This will help get more transactions automatically sorted into spending or income categories. It will also ensure that the sorting function is then compatible with the style and format of transaction data that will come from the Yodlee data gathering service which is what will be used to deliver automated bank feeds into Xero Personal.
Today’s Xero Personal release lets you choose a timeframe to view your income vs expenses.
You can look at how much you made and spent in the last few days, weeks or months. Or you can make it more relevant by looking at your income vs expenses in your last pay period.
You can then see your spending trends by looking at how your income vs expenses have changed for a given period and compare this year on year.
Watch this video for an overview:
If you want a better view of your income vs expenses in the New Year, try Xero Personal for free.
Keeping track of your budget over time is almost as challenging as sticking to it!
Xero Personal’s new goal history shows you what to cut back on if you need to get your budget under control – whether it’s coffee, clothes, or something else entirely.
From now on, when you start a new goal period, your previous results stay on the goal overview page. You’ll soon have a goal history showing how each aspect of your spending has contributed to your overall budget.
Watch this video:
Like what you see? Get started with Xero Personal here.
Join the conversation at Xero Answers.
Today’s Xero Personal release gives you the flexibility to look beyond the usual 30, 60 or 90 days and choose whichever period you like to look at your Spending and Savings.
This could mean tracking how you’re doing from payday to payday and then matching this against your goal period to have everything nicely in sync.
Watch this video for an overview:
After 12 Months, 6 Releases and lots of great new features, look at how we’ve grown!
Planned Payments – plan your expenses, don’t just track them
Labels – tag where you spent your money, don’t be restricted to categories
Manual Transactions – add a cash account
Splitting – mark how you actually spent that wad of cash
Financial Snapshots – how you’re doing, right now, in your inbox
Advanced Search/Export – find exactly what your looking for and export it to play with numbers
The Xero Personal team is only small but each and every one of us shares in the vision and direction of Xero Personal (If you haven’t seen it yet try it for free). As a developer on the team I get very caught up in the detail, especially where we’re headed with each aspect of the functionality. I also use the product myself regularly, so I too often have the same requests that people post on our answers site.
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Electronic banking is so ingrained for many of us that receiving cash or payments which don’t get recorded in our bank account can really mess with the budget.
Some of you feel so strongly about this, that the ability to account for such payments is the no.1 feature request for Xero Personal. So today in this release we’re putting a smile on your face as we introduce Manual Transactions.
One of the most common scenarios that call for Manual Transactions is when you pay for a group gift on your credit card and everyone pays you back in cash at some stage. Using Manual Transactions you can account for that cash and this is especially helpful if the payment is delayed.
Watch this video to see how Manual Transactions work in Xero Personal:
Also in today’s release we’re extending the ability to import data so you can now bring in transactions using CSV format. For more detail on CSV importing see Help.
If you’d like to ask questions or see what others are saying have a look at Xero Answers.