Bills - Feature for Recipient-Created Tax Invoices (RCTI)
Recipient-Created Tax Invoices (RCTI) are a normal thing in some industries. Xero is not set up to create them; instead we have to do a workaround with purchase orders.
I'd like to not have to use the workaround.
The workaround consists of:
- creating RCTI branding themes
- creating a purchase order for each entity needing RCTIs
- edit that purchase order with the new details every time creation of an RCTI is needed (so in labour hire this can be every week for each contractor)
- send the purchase order to the entity needing the RCTI (editing the email to change instances of 'purchase order' to 'RCTI' every time)
- copy the purchase order to a bill, ensuring you untick the option to say that the purchase order is fully expended
- authorise the bill
- pay the bill
The process for RCTIs should look like:
- create an RCTI
- authorise the RCTI
- send it to the entity needing it
- pay the RCTI
Freya Pieroz
shared this idea
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Di Manoughian
commented
This is definitely something I'd like to see Xero work on. It should be way more straight forward.
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Freya Pieroz
commented
Should also add that the delivery instructions section on the purchase order where Xero suggests we put the written agreement that has to go on every RCTI for them to be legal isn't big enough for the written agreement that the ATO has on their template. If I copy and paste the ATO template, it cuts off just over halfway in.
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Cathy Sterling
commented
This is something done on a monthly basis and the process above is very cumbersome. Would be a great help to have a better process.