Financial Settings - Custom accounting periods/calendars
It would be great if it were to be possible to apply accounting periods Period 1 , Period 2 etc even if these fall into the calendar months or fall into 4/4/5 week pattern . It would make looking at transaction reports in a pivot far easier , it would avoid having to save data , fix it with additional columns and then review constantly . This would be a game changer . All companies work to months calendar or something else yet Xero doesn't have this functionality which is crucial to analysing data and preparing month end .
Dominique Brown
shared this idea
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Hudson Laim
commented
Hy,
When working with custom accounting periods, it’s interesting how flexible setups help track non-traditional income streams more accurately. For example, people earning through apps or side activities often don’t follow standard monthly cycles, so adjusting calendars makes reporting much clearer. I’ve seen similar discussions around tracking small but frequent earnings from mobile platforms like https://3patigold.pk/, where activity happens daily rather than in fixed periods. Having the ability to align accounting periods with actual earning patterns really improves visibility and decision-making, especially for those managing multiple income sources. -
Kenny Williams
commented
Massively agree - we operate on 4/4/5 and this would be a big time saver for manual adjustments and custom reports
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Carly Purvis
commented
Agree. We run on 4/4/5 and doing a comparison in Xero is impossible. I need to always export and manipulate in Excel.
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Robert Sutherland-MacLeod
commented
Absolutely agree - this would be a option available as a standard feature of accounting systems I have used to date.