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.
Bradley Taylor
shared this idea
Good 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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Bradley Taylor
commented
Hi, this change would be fundamental to the use of the import from workpapers function. Our firm will not use this import function if you need to selectively remove and add accounts to the key information section. Especially as you can currently do it quicker and more accurately with the import from Xero option.