Skip to content
← For small businesses

Enter your idea

For small businesses: Accounting features

Categories

(thinking…)

Report templates - Support General Purpose Financial Report (GPFR) templates

Financial Statements-General Purpose Financial Statements template published will be much appreciated so the accountants have more options

28 votes

We're glad you're here

Please sign in to leave feedback
Signed in as (Sign out)
Close
Close

We’ll send you updates on this idea

Jennifer Cheng shared this idea  ·   ·  Report…  ·  Admin →
How important is this to you?

We're glad you're here

Please sign in to leave feedback
Signed in as (Sign out)
Close
Close

We're glad you're here

Please sign in to leave feedback
Signed in as (Sign out)
Close
Close
Submitting...
An error occurred while saving the comment
  • May Huang commented  ·   ·  Report

    It has become essential to our practice growth.

  • Elio D'Amato commented  ·   ·  Report

    This is a much bigger issue than many think... this could be a real problem if not resolved shortly. Are there any updates? Otherwise I will have to seek an alternative solution.

  • Megan Taylor commented  ·   ·  Report

    As a firm that has clients required to report to QBCC, having GPFR's would make our systems more streamlined and consistent. We are currently seeking alternative solutions to support us with this, but we don't want to move away from Xero.

  • Mark Lennon commented  ·   ·  Report

    We have company clients that are Australian subsidiaries of overseas companies. Some now require General Purpose - Reduced Disclosure (instead of Simplified Disclosure), some require full General Purpose financial statements.

    For the latter, we have always had to go outside of Xero to prepare their financial statements and reports. We have previously used Thomson Reuters for this, but they are too expensive, and they are still not compliant at this stage - we have to transpose into Excel, and amend. Very time consuming.

    For the former (GPFR-Reduced Disclosure), we now have to go externally also.

    But, for both, adaptation/modification within Xero would not be difficult, if it was available, because Xero is far more easy to work within than, say, Thomson Reuters.

    Thank you.

  • Sue Collins commented  ·   ·  Report

    When is Xero going to provide report templates for Tier 2 Company Reporting (for Profit entities) ? Currently there is no specific template for Tier 2 organisations.

  • Anshu Dhar commented  ·   ·  Report

    Please implement General Purpose Financial Statements for the 2023 FY, it will save so much time if you guys do this.

  • Michelle Cock commented  ·   ·  Report

    Starting from 1 July 2022 we will need to start preparing General Purpose Financial Statements for some of our clients. It would be amazing if Xero had a report template that we could use to prepare these.