diff --git a/addons/account/models/res_config_settings.py b/addons/account/models/res_config_settings.py
index e686fc46a23..cbbe11a1bc4 100644
--- a/addons/account/models/res_config_settings.py
+++ b/addons/account/models/res_config_settings.py
@@ -105,7 +105,7 @@ class ResConfigSettings(models.TransientModel):
     module_account_sepa_direct_debit = fields.Boolean(string='Use SEPA Direct Debit')
     module_account_bank_statement_import_qif = fields.Boolean("Import .qif files")
     module_account_bank_statement_import_ofx = fields.Boolean("Import in .ofx format")
-    module_account_bank_statement_import_csv = fields.Boolean("Import in .csv format")
+    module_account_bank_statement_import_csv = fields.Boolean("Import in .csv, .xls, and .xlsx format")
     module_account_bank_statement_import_camt = fields.Boolean("Import in CAMT.053 format")
     module_currency_rate_live = fields.Boolean(string="Automatic Currency Rates")
     module_account_intrastat = fields.Boolean(string='Intrastat')
diff --git a/addons/account/views/res_config_settings_views.xml b/addons/account/views/res_config_settings_views.xml
index b1dfbb43112..cd2455dd88e 100644
--- a/addons/account/views/res_config_settings_views.xml
+++ b/addons/account/views/res_config_settings_views.xml
@@ -273,7 +273,10 @@
 
                         <t groups="account.group_account_user">
                             <block title="Bank &amp; Cash" id="bank_cash">
-                                <setting id="import_bank_statements_csv" title="Once installed, set 'Bank Feeds' to 'File Import' in bank account settings.This adds a button to import from the Accounting dashboard." string="CSV Import" help="Import your bank statements in CSV">
+                                <setting id="import_bank_statements_csv"
+                                         title="Once installed, set 'Bank Feeds' to 'File Import' in bank account settings.This adds a button to import from the Accounting dashboard."
+                                         string="CSV, XLS, and XLSX Import"
+                                         help="Import your bank statements in CSV, XLS, and XLSX">
                                     <field name="module_account_bank_statement_import_csv" widget="upgrade_boolean"/>
                                 </setting>
                                 <setting title="Once installed, set 'Bank Feeds' to 'File Import' in bank account settings.This adds a button to import from the Accounting dashboard." string="QIF Import" help="Import your bank statements in QIF">