Skip to content
← Practice tools

Enter your idea

'BAS - Ability to adjust amount payable/refundable when preparing' has been merged into this idea

Practice tools

Categories

(thinking…)

AU Tax - Manually Adjust Tax Estimates

Ability to put in manual tax estimate adjustments, such as prior liabilities on tax accounts so clients can see total owed. It can show estimate for return, then show the adjustments.
Also ability to adjust for amended returns to show the actual amount refunded or owing after amendment calculations.

25 votes

We're glad you're here

Please sign in to leave feedback
Signed in as (Sign out)
Close
Close

We’ll send you updates on this idea

Nick Cassimaty shared this idea  ·   ·  Report…  ·  Admin →
How important is this to you?

We're glad you're here

Please sign in to leave feedback
Signed in as (Sign out)
Close
Close

We're glad you're here

Please sign in to leave feedback
Signed in as (Sign out)
Close
Close
Submitting...
An error occurred while saving the comment
  • Tessa Beattie commented  ·   ·  Report

    It would be extremely valuable to have the ability to manually adjust tax estimates for prior liabilities or amended returns. We are currently facing the same issue with amended tax returns. Not being able to reflect the adjustment in the estimate creates confusion and adds unnecessary admin time providing a separate reconciliation. This is something MYOB can do, it would be a great improvement to see the same in Xero Tax.

  • Tash Lennon commented  ·   ·  Report

    MYOB allows you put through these adjustments, so clients have an easy to view of what their liability is.

  • Elly Bowden-Kibble commented  ·   ·  Report

    This is a critical update within a tax return, particularly an amended tax return. Giving complete transparency to a client about the outcome of a return and will save a lot of time trying to explain to a client why the outcome of the return is actually different to what we are advising.

  • Nick Cassimaty commented  ·   ·  Report

    MYOB allows you put through these adjustments, so clients have an easy to view of what their liability is.

  • Craig Byron commented  ·   ·  Report

    This is critical, I waste hours of time explaining why the estimate is wrong in Xero. Excess contributions, div 293, TFN WH opn interest for non-residents. Clients demand an acurate estimate and Xero really should understand this better.

  • Tony Chan commented  ·   ·  Report

    Also, when the client submits their future tax returns, we can adjust the tax rate applicable to the income year, based on the rates already published by the ATO.

  • Natthaporn Sabhananda commented  ·   ·  Report

    My clients overpaid for BAS in previous quarter, results in CR amount on ATO portal.
    It could be great if I can add this CR amount when preparing next BAS in Xero so they can offset payable/refundable amounts.