Lock Dates - Allow old bills/invoices to fall into current accounting period
Once you close a period, pulled all the accounts and happy with the financial position, you close the period to stop posting to that period. But when you receive a old supplier invoice, which has been accrued in, Xero does not allow you to post the invoice without re-opening the period date. This means, you either reverse your accrual journal to post the older invoice, changing the financial position or manully altering the invoice date, to post it into current period. Increases workload and hassle. It also means your supplier account does not mirror with their accounts with dates. Xero should allow invoices to be automatically posted to open period.
Shipa Ahmed
shared this idea
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Miranda Matthews
commented
I 100% agree. I love using Xero, but this by far would have to be one of the system's biggest downfalls. It creates unnecessary rework. xero needs to implement the concept of a transaction date and accounting period posted for transactions.