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'Organisation settings - Charity mode' has been merged into this idea

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Reports: Support for charity reporting

Is there an easy way to create/run reports tailored specifically for charities or is it just me that I am finding it difficult to find ? I've got the charity set up as a non-for-profit organisation which doesn't seem to make much difference at all.
It's disappointed to see Xero doesn't have any reports templates for charities.
Executive report cannot be overtype as needed - It's not possible to change "Profit (Loss)" line within profitability to Surplus/Deficit.

Regarding Current Year Earnings, it isn't currently possible to rename this to current year funds, or to code manual journals from this to a different account which It's very important for charity accounts. Will this ever change ?

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Filipe Rosa shared this idea  ·   ·  Report…  ·  Admin →
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  • Jaspreet Lally commented  ·   ·  Report

    We have numerous charity clients who use the Funds function in Sage and the lack of similar functionality in Xero is preventing those clients from migrating softwares. The workaround for using tracking categories is not ideal and please bring in additional functionality which would work for charities.

  • Emily McEwan commented  ·   ·  Report

    Please add SORP accounts! I have lots of charity clients and current pay another accounting software provider to prepare SORP accounts.

  • Lynne Boyt commented  ·   ·  Report

    It would be helpful to be able to claim gift aid with an integration to HMRC, other packages offer this ability. ANd to have SOPR accounting built in woudl be a ral plus there are so many charities like us and Xero really doesn't cater for this sector

  • Kate Fargher commented  ·   ·  Report

    A real shortfall in Xero is that charity accounting is not provided for at all. So many charities use Xero, and there really should be SORP accounting report layouts (SoFA particularly) and charity tailored CoA. Xero, please consider this.

  • Kate Fargher commented  ·   ·  Report

    Would be good to have a charity mode, that came with charity settings, e.g. charity tailored CoA, and charity specific reporting, e.g. Statement of Financial Activities.

  • Jeremy Adderley commented  ·   ·  Report

    I think this could be helpful, but I use tracking to manage it so far - would prefer to see a global VAT control as we are VAT exempt and don't need to manage it

  • Filipe Rosa commented  ·   ·  Report

    Nigel, If it was within Xero rather than having to do it manually outside of the system that would be much better. Xero has the 'management report' for companies, it's just not useful for non-for-profits which is a shame.

  • Nigel Kay commented  ·   ·  Report

    There are over 160,000 charities in just England and Wales excluding Northern Ireland and Scotland. The sector is valued at £20 billion.

    The regulation are https://www.gov.uk/government/publications/charity-reporting-and-accounting-the-essentials-cc15b/charity-reporting-and-accounting-the-essentials

    An example is attached.

  • Jake McElwaine commented  ·   ·  Report

    It would be great to have compliant financial statements for Not For Profits such as Simplified Disclosures. Many other software providers have these such as APS and Sage etc.

  • AdminXero Team (Admin, Xero) commented  ·   ·  Report

    Ability to set up a Xero org for a specific charity organisation.

    Purpose: Because charity organisations work differently (e.g. restricted/unrestricted transactions).