Xero Tax (UK) | Ability to choose rounding accounts
It would be really useful to be able to apply rounding adjustment (similar to those on the SOCE) for items in the accounts, but done on the face of the accounts. For example a use of home allowance will be a journaled amount each year, usually the same year on year. On a large number of accounts that i have produced recently this is rounded up one year and then rounded down the next year. This makes the accounts look messy and no amount of journaling the figures on the trial balance (which wastes significant time) will get this to show correctly.
We need an option to be able to select which accounts are used for rounding so that specific fixed value accounts don't get changed as it opens a lot of questions from clients and several of my colleagues refuse to use Xero Tax while this is not an option
Karen Thomson
shared this idea
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Libby Berg
commented
Similar to this, when Xero Tax produces accounts and they are then a £1 out from the original figures in Xero. Would be great to have a journal to post that rounding adjustment - even if we have to choose the account ourselves. Rather than having to go back out of Xero Tax and then reload the figures through