Xero Tax (UK) - Group and summarise accounts in statutory accounts
At present the expense headings in the detailed profit and loss account in Xero tax are imported from, and are therefore the same as, the expense headings in Xero. Often clients have more nominal accounts (for management purposes) than one would wish to see in the detailed profit and loss. An ability to combine two or more Xero nominal accounts into one expense heading figure in Xero tax would be very useful.
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Alana Macklin commented
This feature is important to provide professional accounts rather than the messy list often created by the client for internal use.
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George Palmer commented
This feature would be really useful!
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Jana Mostert commented
the P&L can look a bit messy if the client has many nominal accounts. It would be really good to group the categories together and make it look nice and tidy. Can you please sort this out asap. thank you
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Telma Oliveira commented
This feature would be useful
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Mark Partridge commented
The full P&L is too cluttered for a set of Limited Company accounts - this feature would save a lot of time.
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Clare Fowlie commented
I agree !
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Alex Atkinson commented
Agree, the 'tag' heading should be displayed in the detailed profit and loss rather than the nominal account name.
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Gregory Atkinson commented
Agree - this is a must for Xero accounts! When is this coming?
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Preesha Chhaya commented
Agreed - it should not show the nominal account names as these are for internal purposes. It should present the way that the P&L has been tagged.
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Colin Sharpe commented
Agree with this. I would argue that the 'tag' heading should be displayed in the detailed profit and loss rather than the nominal account name.
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Andrew Gibson commented
Agreed, using all nominals from a client's Xero can make the detailed P/L unwieldy, having the option to condense certain nominals into one would help makes things more manageable.