14 results found
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Working Trial Balance - Hotlinks to Xero reports
Can we have a "Xero Hotlink" next to each account (similar to old Wp's) - The reason why is that the reviewer does not want to spend much time reviewing, this would help speed the process & for Processors we can see what is within the account, not just the "adjustment"
18 votesHi everyone, thank you for your input and interest in this idea. We've released an update so now from the Working trial balance view you'll see an icon on the far right of the table next to each account where you can go directly to the report. 😊
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Net profit in tax reconciliation should be pre dividends and tax expense (not after)
We use the standard chart of accounts in Xero (so I don't believe it is a coding issue ?) but the company working papers I prepared does not allow you to adjust the net profit/loss (accounting) and it is picking up post tax and dividends which is frustrating.
18 votesHi team, this has now been released! You'll find Net profit has been updated to be pre-dividends, and can be manually overridden, and you'll get a warning when it's been overridden. 😊
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Imputation Credits to Retained Earnings workpaper
This workpaper exists in the NZ classic workpapers and is a requirement for IR4J returns and keeping a record of Imputation Credits on Retained earnings for dividend prep. Bring it back.
8 votesHi team, we appreciate hearing on the need in keeping a record for dividend preparations. We have now released a new imputation credits worksheet within new Workpapers. ✨
Thanks for sharing in Xero Product ideas!
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Workpapers - Ability to create a journal from within a specific workpaper
It would be very handy to have an option to draft a journal from within a specific workpaper. For example, the client has a number of investments and a slight out of balance. Instead of navigating to the separate Manual Journals or the main workpapers page (to add from the dropdown), it would be handy to have the link within the workpaper.
14 votesExcellent to see you've already noticed the update, Bradley! This has just been released today.
You can now work the way you like with visibility over adjustments and adjusted balance directly inside the individual workpapers and the Working trial balance.
You're also now able to add journals from both the working trial balance and inside individual workpapers. 😁
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Workpapers - Column order on Working Trial Balance
Can we swop the LY and CY columns in the working trial balance so that it is consistent with what we see in the workpapers tab (CY first and then LY)
12 votesGood news, team. This update has now been rolled out. You'll find the column ordering in the Working trial balance view now shows the CY column before LY column. 🙂
Thanks for engaging here to let us know this change would be impactful for you.
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Finance Lease is not in Workpaper Trial Balance
Accounts labelled with Finance Lease (non-current) are not shown on the Workpaper trial balance, nor they are in any workpaper, e.g. Loan, non-current liabilities. They disappear in the new workpaper.
5 votesThanks for your feedback! We've made a recent update to the working Trial Balance so this will now show non-current Finance lease accounts.🙂
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Workpapers - Multiple approval levels
Have at least 3 people to sign off the workpaper - Preparer, Manager and Partner (Similar to the old WP
8 votesHi team, pleased to share that we have added another layer for reviewer in new Workpapers so you will now see fields to assign;
- Preparer
- Reviewer
- Final reviewer (optional)
Thanks again for sharing the value in this for your practice and processes.
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New Workpapers - Manual journals come up with an out of balance when there isn't one
I sporadically have an issue where the manual journal will balance but I am unable to post as it believes the journal is out of balance. Only work around is to post directly in the Xero file
3 votesHi team, thank you for your feedback here and sharing the behaviour you were encountering. Our product team did identify an issue and have recently released a fix to resolve this.
If you do notice similar behaviour in new journals, please do raise a case with our specialists via the Contact Support option in the top right of the page when logged into Xero Central. Our team can dig in and get the details needed to escalate with our team. Thanks!
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Working Trial Balance - Links
Can we have a link to "workpapers" & a "Xero Hotlink" next to each account (similar to old Wp's) - The reason why is that the reviewer does not want to spend much time reviewing, this would help speed the process & for Processors we can see what is within the account, not just the "adjustment"
7 votesHi team, we'd like to confirm that the links to workpapers are now available within the new solution.
As mentioned in my last update our product team are still considering hotlinks to Xero reports and I have split this idea so we can share any updates on this separately here.
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Workpapers - Freeze, or floating headings on Working Trial balance
In the working trial balance, can we get freeze the headings so they are always visible when scrolling down.
7 votesThanks again for contributing ideas about new Workpapers and sharing with us here, team. Happy to share this is an idea that our product team zoned into quickly and have released an update. Now headings in the Working trial balance view will remain visible as you scroll the page 😊
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Export - Workpapers
When we export the workpapers, can empty sections (e.g. "wages") not export (this makes the archived pack too bulky)
We like to save a PDF of WPs to our system once signed off6 votesHi team, we're pleased to share another update with you here. Now, along with the existing option to choose and export selected workpapers , there is now an option to 'Export workpapers except N/A' to better suit your needs here 😊
Thanks again for your engagement here.
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Flexibility with Workpaper Codes
It is my understanding that workpaper codes - e.g. A - Job Notes, A1 Financial Statements are fixed and we cannot change them.
This creates issues - as we would like to have a Workpaper Code section specifically for Division 7A, and also delete items which are clearly of no relevance - e.g. franking credits for trusts.
2 votesThanks for the feedback here, team. We have made an update so Workpaper codes can now be edited via workpapers settings. Just click the 3 dots in the top right > Rename 🙂
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Setting up workpapers doesn't stop
Started to have a look and am stuck on the Setting up Xero Workpapers screen. It says:
Setting up Xero Workpapers...
This may take a few minutes.
Don't refresh or close this page.
Its been over an hour. An suggestions?1 voteThanks for raising this with us here, Michael. We appreciate the issue some partners were experiencing in the new Workpapers set up flow and I want to confirm that our product team have recently released a fix for this. 😊
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Workpapers - Ability to Rollover manual journals
It would be extremely useful to be able to roll over manual journals in draft within the workpapers pack. We have a number of situations where this would be very handy: recording FBT contributions, recording dividends, recording income tax expense, recording trust and partnership distributions. Just having the journal in draft to potentially use would save a lot of time when you have multiple lines to setup.
1 voteHi Bradley, thanks again for highlighting the benefit of this feature to us. The ability to roll forward manual journals is now live!
You'll find this as an option in the header of your manual journals tab in new Workpapers 🙂
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