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UK Tax - Detailed Profit & Loss in statutory accounts for Micro Entities

Ability to generate a detailed Profit and Loss and Balance Sheet in the Statutory accounts for micro entities.

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Doina Motelica shared this idea  ·   ·  Report…  ·  Admin →
Completed  ·  AdminKelly Munro (Community Manager, Xero) responded  · 

Hi Doina, you can enable to include the detailed profit and loss within the accounts in Xero Tax(UK) within the settings. From here you can choose for it to appear by default or from the dashboard of each filing under presentation options.

Soon we will have our new company accounts production solution available to all Xero partners. This product will deliver a more efficient workflow directly within Xero.

  • The toggle to include the Detailed Profit and Loss will be found from the options at the top of the Accounts Preview where you can also switch the view between the Full accounts or the Filleted accounts
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  • Doina Motelica commented  ·   ·  Report

    As an Accountant we have request from the clients to produce a Full accounts for Micro entities company, however this is not possible in XERO tax.