> Regarding the paper reconciliation... Why do you want that?

I was looking for a way to do reconciliations without a bank feed because one of the banks we use doesn't yet offer bank feeds.

I was only commenting on the screwball idea that the option to do manual reconciliations is hidden in the Help menu, and only appears there when you're on the reconciliation screen. I think that all settings should be in one or two specific locations known by all users to contain settings. Putting a setting in a special, unusual place is the sort of thing that makes software confusing. (Took me a while to find it by reading Help articles.) Maybe this particular quirk is an outlier, but if I were a design leader on Xero's development team I'd be putting the person who decided to do this in front of a firing squad and offering them their last cigarette.

Related:  some accountants reject the modern trend to build transaction entries from bank feeds, saying it's not really reconciliation because you're not reconciling what the bank says against what you've already entered in your books. Rather, if you're not careful (and many people aren't) you may take what the bank says about a transaction as gospel even when it's incorrect--wrong amount, etc. Matching transactions is reconciliation, creating transactions from a bank feed isn't. But maybe it is a worthwhile trade-off it it reduces time spent with accounting.

>you can't do journal entries for accounts categorized as "bank" accounts...

Yes that's odd, and it's a complicating factor for anyone who knows that traditionally you should be able to use a JE for moving amounts between any and all accounts.

So I guess when loan proceeds are disbursed you have to make a deposit to the bank account? And when you make a principle payment you have to do it by entering a check? Neither sounds too odd, but having "training wheels" on JEs that limit their flexibility sure does.

> Biggest complaint I have is how quickly they bump prices.

I saw that complaint a lot when I did my "why I hate Xero" search.