Business Activity Statement - To automatically calculate Fuel Tax Credits
Ability to automatically calculate Fuel Tax Credits in the Business Activity Statement.
Purpose: It can save user’s time when calculating fuel tax credit, rather than doing it manually.
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P-J Mudie commented
'Xero Team shared this idea 7/5/2012'
12. Years. Later. -
Martyn Fagan commented
This would also assist in the calculation of Livestock Accounting, just be adding the column for quantities.
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Ross Brumfield commented
Need litres on fuel added up on two types of fuel can this be done.
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Chrissie Ho commented
You have this feature available in two separate reports yet you cannot create one report?
How can you say you provide Activity Statements when you are ignoring a crucial part? You cannot do a complete BAS in Xero for lack of this and other features. You have the frame work. Why isn't this done?
I have noticed this is worded in many requested that have not been combined either. -
Paul-John Mudie commented
11. Years. Later.
Even the ability to choose 'quantity' as a field in a Transaction Report would alleviate this issue greatly. -
Paul-John Mudie commented
7 May 2012 - Xero shelved this idea.
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Martyn Fagan commented
MYOB and APS does it. It is not hard to do. the old BankLink did it within a month of the request. why does xero resist this important and simple request
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Peter Kokkonis commented
It has just been suggested that Xero won't be able to look at implementing this feature at the moment as they are too busy ignoring requests to keep the old reports.
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Peter Kokkonis commented
It stands to reason that some businesses have to log Fuel Tax Credits therefore accounting software should be capable of calculating this. TPAR and PAYG are managed through accounting software, this should be too.
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Paul-John Mudie commented
"Xero Team shared this idea May 7, 2012"
A decade later and the software still cannot calculate fuel tax credits
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Peter Armstrong commented
I can't understand why this still isn't a standard feature given how important it is for any business with heavy vehicles.
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Peter Kokkonis commented
Very important for clients in the transport industry.
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Martyn Fagan commented
Very important for rural clients.
(For livestock accounting, and also Fuel Tax Credits.)
MYOB BankLink was able to do this over 15 years ago, after feedback and requests from their accounting partners.
MYOB Essentials/Business Online is now able to do this as well, as MYOB listened to their Accounting partner Requests. -
Stephen Arthur commented
Automatic calculation of fuel tax credits is a critical issue for many businesses.
The lack of an automatic calculator is impeding our ability to get clients to to convert to Xero from alternative software solutions.
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Sherly Sanjaya commented
it is very important we not missing this function for benefit of client cashflow.
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Jack Hayes commented
It is perplexing that this is not already a thing!
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George Joseph commented
Enter the fuel quantity next to the expense, select on road, off road, diesel, petrol etc,...
That should automatically calculate the FTC