CIS - Ability to add CIS Codes
Have the option to create nominal codes and assign them to CIS returns to allow for more granular review of costs. E.g. Bricklayer expense, Plumber expense etc.
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Richard Street commented
I have started to use a workaround. I have used the two codes 321 and 322 even though they do not conform to my chart of accounts and opened a 325 account which I've called CIS contra. This enables me to cost the subbie into the P & L contract costs whilst enabling the bill to calculate the CIS tax. This reports into the CIS Monthly report, which I input manually. The Balance Sheet accounts 321. 322 and 325, net out to zero. I still have to collect the 'Gross' subcontractors on a spreadsheet to complete my CIS input to HMRC but that's another subject. As we are going to implement a system of retention, that could open up a new nest of vipers!
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Eve Radford commented
I need (at the very least) a CIS code for balance sheet (freehold property improvements) and one for the P&L (repairs and maintenance). It's not really acceptable that nothing has been done on this for so long. I'm seriously considering moving to another platform.
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Albert Goodman commented
I have clients that are really struggling without this functionality and there are limited apps out there to help rectify the problem
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Laura Edwards commented
Xero needs to fix this ASAP!! Basic accounting to be able to breakdown labour costs between different trades.
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Eve Radford commented
You can get round this by coding to 711/712 then deducting from 710 (exactly equal to cancel out - excluding VAT). Then code where you want it (including VAT). All within one bill in xero. But you have to change the return figures so you can’t use the auto submission. My company is not VAT registered so this may work fine if you reclaim the VAT. Worth a trial.
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Richard Street commented
As I suggested nearly a year ago, I can cost Subcontractors adequately without using the CIS system but it is now getting to the point where I have to spend a whole day every month reconciling the entries for the CIS return. This is almost as slow as manual and I would have expected a re-write by now.
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Deepak Pachchigar commented
I agree with others that xero needs to fix this ASAP so that you can choose the assigned nominal code and not jus the 2 nominal code that zero as assigned.
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Anita Warburton commented
We are still wasting a lot of time moving costs manually - I suspect this is a relatively easy fix for the software developers.
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Zak Labanca commented
Agree with above comments. This really is basic accounting 101, madness this wasn't implemented from day one.
Who do you guys get to test your idea's. They are terrible at their job whoever they are.
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Abdul Wahab commented
We are having a similar problem. Our clients are asking to classify CIS labor in different cost heads so that they can analyze the reports, but we have the option to deduct CIS only when we use the CIS labor code otherwise, we can't deduct. So, this issue must be taken up by the Xero development team and sort it out.
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charlotte callanan commented
We really see a need for this to allow us to report our CIS costs correctly within the profit and loss reports
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Amanda Vigar commented
We have clients who different sorts of CIS work - some zero rated some DRC 20% some DRC 5% and it would be great if we coudl have different codes for differnt work that all deducted CIS
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Ceri Gordon commented
This is really important to us as spend a lot of time posting journals to move different types of costs out of CIS labour expense and to subcontractor type costs. Our P&L's need to report on the different CIS costs and it is very time consuming as it is.
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Liz Stuckey commented
I would like to be able to use different nominal codes for different sub contractors as I would like to see them under different headings in the profit and loss. Journals seems the work around, but easy to get wrong. Different codes would be fantastic
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Rebecca Rotheram commented
I would like this feature for construction retention. Currently I am accruing the retention each month because the Gross should show in the P&L but if I could put retention to the B/S and have CIS tax deducted from that code it would save the hassle to accrue I could put retention straight to the retention liability code,
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Richard Street commented
I am coming at this from a different angle. We already have our separate nominal codes but we don't use the C.I.S. procedures; it's easy to handle at the moment but, as we start more projects our list of subbies will increase so anything that allows multiple cost headings whilst keeping the C.I.S. functionality would be great. If we could set up a range of Nominal Codes in a block that can re reported that might do the job.
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David Varcoe commented
This is at times very important on Projects, as the purchase order to the Sub Contractor to allow them to see the cost and the deductions for a job. We then should be able to translate this into the bill to be able to pay once the service is complete. The other companies do the same on their software, and as the orders grow, so does the amount of time we have to spend doing the paperwork,
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Harriet Smith commented
Provide the option to add new codes and enable CIS deductions. This will allow more granular breakdown of costs without having to do a journal to move them.
E.g. - nominal codes for bricklayer expense, plumber expense, electrician expense etc which automatically do CIS deduction.