28 results found
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Workpapers - Notes
Workpapers - Notes
I (eventually) found how to export notes, but (1) when I export I would like to include the Account Name as well as the account code. Otherwise the queries would need to be worded with more detail in them.
(2) The format of the report could be improved - it already has "Client Query" as a heading, that doesn't need to be repeated on every single query.
(3) Also hoping these will be exportable to Xero Ask or some format that allows a response by the client to be attached to the specific query.
(4) Can we…2 votesHi team, thanks for letting us know how we could improve the exporting of Notes in Workpapers and your experience with this new solution.
We've made an update to how client queries export - These now export to text, so they can easily be sent outside of workpapers. 🙂
There's also another idea I'd recommend making sure you've supported on the ability to connect to Xero Ask and we'll keep you updated on any progress for. Thanks again!
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Workpapers - Company Tax return import
I have been testing the company tax return import. I have accounts with negative balances - the bank overdraft for example, doesn't get posted to the current liabilities section of the tax return as a positive amount. It is posted as a negative.
I can see that the integration has the ability to exclude from integration but this is counter-intuitive to reducing manual data entry. The ability to post as a positive figure is available in the Xero import function.
4 votesGood news everyone! We recently released updates to our Tax integration. This included a change to fix the signage (negative/positive balances) when sending amounts from Workpapers to Xero Tax which solves for the pain point raised here.
Thanks for feeding back about this through Product Ideas. 🙏🏻
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Read Only Options
Can more users be allowed to view the new Xero Workpapers other than the usual 3 users?
Requiring an Admin staff member to kick people off or add people on to have a quick look at the Xero workpapers is quite tedious, so having an option to add a user as "Read only" and not occupy a preparer, reviewer or final reviewer slot could be handy.
4 votesHi all, thanks for your feedback here. With new Xero Workpapers, workpaper packs can be seen by all staff that have access to the client record.
Client record access is managed as part of the staff management menu within the practice tools. We have a bit of information to help with this on Xero Central 🙂
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Being able to apply a change of Reviewer to all individual pages in the Workpaper pack
Ability to apply a change of Reviewer to multiple pages in the Workpaper pack.
We have a pool of reviewers so do not know at the time a Workpaper pack is created who is going to review the job. A "generic" reviewer is selected on initial set up.
When a reviewer picks up the job they change the settings to their name. This does not automatically update each page in the workpaper so you then have to change it for each tab you go into. Would be great to have the option of bulk updating all the pages at once.5 votesHi team, thanks for feeding back to us on new Workpapers here. While this was existing functionality, we appreciate it was a little harder to find.
We've made a recent change where you now have the ability to update staff assigned in bulk (whether that's Preparer, Reviewer or Final reviewer) directly from the Worksheet table. 🙂
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New Workpapers - fix the colours for the various statuses and groups, not so many illogical duplicates
They're all illogical and not even consistent
See summary and improvements noted on the attached
3 votesHi everyone! Last week we released an update for the status colours. So, these are now consistent across all of new Workpapers.
Colours match the urgency of each of the statuses:
- Not applicable/ Not started - grey
- In progress/ Awaiting further information/ Client query - blue
- Ready for review - yellow
- Rework required - red
- Complete - green
We hope these changes help improve your review and use of statuses. Thanks for your feedback and sharing through Xero Product Ideas. 🙏🏻
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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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New Workpapers - Supporting Balance Column
I would like a supporting balance column for each workpaper so we can enter manually the balance from the supporting document so we can see immediately the variance to the CY balance if any.
15 votesHi everyone, happy to update that we've released this change! There is now a 'Supporting balance' column, the previous 'Variance' column has been updated to 'Change' and we've added a new 'Variance' column where we updated the formula for to be the delta between the supporting balance column and the current reporting period 😊 Thanks for all your insight here and sharing the difference this would make 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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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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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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Workpapers - Edit Checklist Items
Ability to edit the checklist item. Currently we can only delete and re-type a checklist item not edit anything that is existing
12 votesHi team, this feature is now live! At the Workpaper template level, along with deleting and creating new, an admin can now edit a checklist item. 🙂
Thank you for sharing how this addition could benefit you, here.
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Workpapers - Offer both Attach URL and Attach document when clicking Attach document or file next to an account
On original Workpapers I would click the Document button next to an account and I'd have the option to upload a file OR paste a URL.
In new Workpapers, I click the Attach a document or file paperclip next to the account and I am by default, only shown the Attach document option.. I have to Click Attach URL to paste the URL.
Offer both or offer the choice to choose the default (ours is Attach URL, every time).
This change adds a click EVERY. SINGLE. TIME. we want to attach a URL (which is all the time).
Terrible change.
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5 votesHi everyone, we released an update last week to the module for attaching documents and now both files and URLs can be added from the same view. 😁
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Workpapers - change Variance to Change or Movement (it is not a variance, it is a movement from one year to the next, which is expected)
It's bad enough that new Workpapers only show "Variance" for CY vs LY rather than CY vs supporting Workpapers (the whole point of workpapers).
This is not a Variance... it is a Change or Movement.
Variance is defined as:
- the fact or quality of being different, divergent, or inconsistent
- the state or fact of disagreeing or quarrelling
- a discrepancy between two statements or documentsYou'll notice that these all suggest a variance is not good (it's a difference of facts, quality, disagreement, discrepancy).
In the accounting world we try to solve or explain variances. A change or…
7 votesHi everyone, as mentioned in my last update I'm happy to share that we've now made this update and introduced a 'Supporting balance' column and updated the column previously known as 'Variance' to now be named 'Change'.
We've also added a new 'Variance' column that shows the difference between the supporting balance figure the and the current reporting period. 😊
Again, thank you all for sharing with us on this idea.
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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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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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Workpapers | Edit Link - Not Delete Right Away
Whenever a link is attached in Xero Workpapers, and that link changes or gets deleted, there should be an option to simply edit or replace the existing link — instead of having to delete it and add a new one each time. The current process causes unnecessary delays when preparing workpapers.
1 voteHi community, with new Workpapers there is now a button to edit attachment next to the URLs that'll allow you to update rather than delete the existing link 🥳
Thanks for sharing how this idea and helping to shape the future of Workpapers.
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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 - Hide 'N/A - not applicable' workpapers or be able to change the workpaper code to custom sort
A function whereby we can either toggle hide/unhide on workpapers that are 'N/A - not applicable' would be very useful. Or at least the ability to amend the workpaper codes so 'N/A - not applicable' workpapers can be custom sorted to the bottom of the pack, out of the way
75 votesHi team, thanks for your feedback on new Workpapers here. Over the last few months we've released a few changes to help hide or minimise N/A Workpapers:
- When moving between worksheets N/A ones are automatically skipped
- We've updated the colour tag status across new Workpapers and Not applicable is now grey to further minimise these
- Admin are able to change the Workpaper code at practice level, which will change the order in which these appear
We appreciate hearing how this could helpin your use of Workpapers. Please keep sharing further improvements that you'd find useful through Xero Product Ideas. 🙂
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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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Workpapers - Show variation of bank reconciliation from closing balance
In the bank reconciliation, it would be great to be able to enter the closing balance per the bank statement, and the workpaper shows any variance.
It would also be great if the bank name and a partial account number could be pulled through to help identify accounts where a client has many bank accounts.
66 votesHi team, returning to this idea we wanted to let you know we've now released an update to include a supporting balance column in all worksheets (not just bank reconciliation).
If the supporting balance matches the Xero balance then there is a green tick confirming it and this is also visible in the variance column. 🙂
We appreciate there's a secondary request in this thread that some maybe interested in for pulling through the bank name and account number and I've created another idea for this so we can track and keep you updated for this. Please do add your vote there if this is of interest to you. Thanks
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