Workpapers | Manual Journals - don't automatically mark as Cash Basis
Journals (General Journals, Manual Journals) are inherently an ACCRUALS transaction. Not cash.
Manual Journals can't be recorded against a bank account in Xero.
Manual Journals should NOT be Cash Basis by default. They should be Accruals ONLY, by default. Xero should give you the OPTION to include your Manual Journals on cash based reports.
Sam Gray
shared this idea
Hi 👋 your idea is being looked into by our Community team. We'll be in touch soon to update you once your idea has been reviewed.
Did you know you can join our Xero Research panel to be involved in early testing and research? Find out more and sign up through our website 🙂
-
Joe Tiddy
commented
This is critical - if you return GST on a cash basis (like most small businesses in NZ), the accrual journal will be included in the GST return. It's almost inevitable that GST will incorrectly claimed on accounts payable journals. I agree with the OP, that journals should be accrual by default, with the option to include on cash basis reports.