Reporting - Budgets by tracking category to integrate with master overall budget
Ability to integrate budgets by tracking categories with the master overall budget.
Purpose: Because it can automatically flow through the master budget, so users don’t need to manually reconcile during this process.
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Timothy Rudling commented
Some aspects of our business need their own PL and budgeting.
These then need to roll up to the overall single ABN and to have it auto consolidated is very much a need. -
Charlotte Norris commented
We have over 40 practices and growing that are monitored by tracking category - this would save me having to create over 40 custom reports showing each month vs individual budget for each site accountant
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Zakri Toma commented
Has there been ANY update on this idea? Xero is becoming increasingly unusable as we need to easily be able to import budget figures into our ledgers by account code and tracking category so they flow into the master overall budget.
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Trey Pruitt commented
Managing Xero budgets in Excel wasn't working for me (too much time, potential errors, etc). So I created a tool to solve this problem.
It now takes me less than 5 minutes to consolidate multiple tracking budgets into an "Overall Budget".
You can try it out here: https://www.budget-consolidator.com
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Arna H commented
So far setting up the budget in Xero has taken me far far too long, i should have been able to complete this in a couple hours, rather than it taking me days to set up as I'm having to go load each department, then checking each, against the full company. We should be able to upload one file, with each account, and each tracking account, and then report on it. Please fix.
this was only raised TEN YEARS ago.
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Maya Kemp commented
Xero don't bother to action anything we ask for even if it's over 300 votes. They just like to make things look pretty. The 'enter your idea' is just a way to make themselves look like they 'value' the customer.
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Justine Dalla Riva commented
This is critical, interest to know how many votes are needed before this is actually actioned?
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Francois du Plessis commented
Yes, this would be great to have one budget imported, but be able to split GL code amounts by the various tracking categories as required.
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Brad Ruoho commented
Please make this a top priority, it seems simple and is so important to our business.
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Ryan Vu commented
Please make this a priority. It would set you apart from QBO.
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Marcus Daff commented
Every year when annual budgeting occurs and during the year when re-forecasting, my love of Xero plummets as I sigh at having to prepare tracking category budgets as well as bringing this altogether manually into the overall budget. A big time commitment and huge potential for errors.
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Jean Hamilton commented
Budget by project/tracking category useless without being able to bring together into an overall budget for the organisation. Get sorted!!
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Ian Maith commented
What is the point in allowing people to create budgets for tracking categories if you can't then track them against actual spend for that tracking category - its utterly pointless and completely wastes users time.
This should be a basic function of an accounts system, and is not the first thing I've come across in Xero that has been completely half-done.
These things need to be addressed if you want Xero to be taken seriously as an accounts package provider.
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Shirley Webb commented
Xero Central, can you let us know if you are looking as this function, it is a critical function and many people need it.
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Paul Speechlay commented
Please look at this. Will save a huge amount of time, and eliminate errors
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Cathy Joyce commented
We have over 70 Cost Centre's in the tracking category, so manually reconciling is time consuming.
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Brice Musendo commented
This needs to be addressed. It's fundamental in budget reporting.
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David Brinson commented
I am surprised that this isn't an option. This is a flaw when you have multiple departments
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Cathy Joyce commented
This would save a lot of time and possible errors, as each cost centre must be saved into a spreadsheet.
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Abdul Khan commented
This idea is so that the customers can accumulate the budget cost centres without going into each cost centre.