Workpapers - Ability to edit to meet compliance needs
Quite a few firms are using business fitness/their own custom workpapers in conjunction with Xero workpapers to meet their compliance needs. This is because some existing Xero workpapers e.g I2 - Finance Lease, S - Home Office, K - GST etc are not sufficient to meet our compliance needs. For example the home office workpaper does not contain the square metre rate method and there is no last year comparison for analytical review. No workpapers have been added to allow for new tax developments such as rental interest deductibility, rental loss limitation rules, mixed use assets to name a few. Come on Xero you claim to "make compliance simple" however this is not the case. We urge you to put some resources into your workpapers product.
Natasha Smith
shared this idea
Hi everyone, we appreciate the interest we've received in being able to edit Workpapers from our community.
As we continue to develop and release our new Workpapers solution to practices across the globe, this is something we know could benefit some practices (especially in NZ) and have it high on our radar as the team continue to plan their roadmap.
While this isn't in the pipeline yet we'l share if there are any updates for this, here.
