Repeat Invoices - Ability to use Sales tax lookup(US)
There needs to be the option of including the sales tax lookup feature on repeating invoices. All of our subscription based monthly invoices are taxable in states where we have met the Nexus guidelines and therefore we will have to begin manually creating each invoice on a monthly basis which is extremely time consuming. It's hard to believe that this issue has not been raised before.
Beth Johnson
shared this idea
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Misty Newsome
commented
Why can't auto sales tax work on repeating invoices? Or at the very least, have the sales tax codes that we are creating that match the auto look up rates exactly, ADD UP TOGETHER in the sales tax report.
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Caroline Pollak
commented
This is critical. I use the auto-lookup for tax rate (since each city in my state has a different tax rate). when the taxes changes once a year, all my invoices that are set to auto-pay do not update properly. Recurring invoices that are saved as draft, can handle this change by updating the sales tax upon approval. Xero has no solution for this problem. I have to recreate all the invoices again and ask my customers to re-approve auto-pay? Tons of wasted time, or I leave as is and pay the difference in the tax rate to the government. Xero says that this is not a bug because everything works as designed. At some point Xero needs to take ownership for how real world accounting works and call a flaw a bug so that it gets fixed.
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Mike Kern
commented
This would be an extremely helpful feature. For most high transaction SaaS businesses, both the auto sales tax feature & repeating invoices are must haves. Most SaaS businesses are not entering in invoices manually so the auto sales tax feature, although crucial for the industry, is not usable.