Report templates - Option to include report fields for Net Profit before & after tax
Report Fields
Would be nice to be able to auto populate the net profit into new reports as older report packs did.
The older report packs had a net profit before tax / net profit after tax field option how has an "upgrade" to new report lost this feature?
Ann-Marie Sutherland
shared this idea
-
Richard White
commented
I have created a customised Budget Variance Report in Xero Reports which has been working really well.
However, In Jun 23 I have for the first time provided for estimated Corporation Tax charge.
The Corporation Tax charge account type is 'Overhead' in Xero. This means that it is showing as part of 'Ovheads' or Operating Expenses in my Budget Variance Report and is deducted before Arriving at Net Profit
Instead on my report, I would like to show Net Profit and then show Corporation Tax and then show Net Profit after Tax.
Xero won't seem to let me drag and drop Corporation Tax below Net profit on my custom report and wants to keep it as part of operating costs and therefore keep it as a deduction before arriving at Net Profit.
Can Xero please resolve this issue so I can customise my budget variance report to show:
Net Profit
Less: Corporation Tax Charge
Profit After Tax -
Natasha Waters
commented
Report fields and functionality of old report pack.
We are sad to see the old report packs being discontinued. We use these to complete all our company and trust resolutions as they are able to pull through shareholder salary fields as well as net profit before tax and net profit after tax. Whilst we can type these in manually, they can be prone to human error and is more time consuming. Please update the new reports so that this functionality is maintained or keep the ability to keep cusomised reports active. I don't mind if you discontinue all the other old reports.
thanks
Natasha