Workpapers - Line for prior year tax paid in Income tax workpaper
The income tax workpaper has the balance sheet workpaper. Unfortunately, you have to add an 'other adjustment' to record the prior year tax payment. It would be very helpful to have at least one line called 'prior year tax paid'.
Bradley Taylor
shared this idea
Thanks for your feedback on this idea. We appreciate you explaining how a dedicated line for prior year tax paid could streamline your workflow.
We've reviewed your idea and now it's up to the community to get behind and support it. Make sure you share your idea with any colleagues that this could benefit so they can add their vote too!
Along with votes, other members can now comment to share additional detail about how your idea could improve their experience with Xero.
-
Claire Sibley
commented
Within the Balance Sheet Income Tax Reconciliation, it would be great to have a subtotal after all of the Prior year entries (ie opening balance and PFY paid/ refunded) , and a subtotal under all the current year entries (ie RWT, CY Tax paid and CY Tax provision), so that you can more easily track the balances. Bonus points if you can add columns for CY, PY1, PY2, PY3onwards and track the balance over each