Enter your idea

this is an excellent suggestion and yes, including it in operating expenses is technically incorrect.

There should be a seperate mapping category in the Xero CoA for tax to enable reports in Xero to clearly show pre and post tax figures.

Reflect Income Tax Expense under the Net Profit/Loss line as a separate Account Type (COA). The tax expense is included with the Operating Expenses which is technically incorrect.

A percentage tax rate under the line would also be really useful to users.

This is also standard presentation in US financial statements. There are "Other Income" and "Other Expense" categories at the bottom of the P+L. I would love to see both of them properly presented as a default in Xero, but for some reason they only let you create Other Income categories currently.

Thank you for your suggestion - it is a majorly important missing component!

This is standard UK account presentation for P&L. Why is it not possible? It makes the resulting stat accounts look very amateur.

Seeing Tax seperately would be a big help with management reports as it would enable for better ratio and comparissons.

While accountants know to look for this and remove, generally business owners do not realise

Easy to do in custom format, but yeah, would be nice as built-in standard.

Agreed