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Reports & tax

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Reports & tax

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945 results found

  1. I would like to recommend adding 'Effective Date of VAT Registration' on the Financial settings, as this information can easily disappear amongst all the many documents we store for the client and also easily mistaken as the Date of company incorporation that can lead to many issues down the line with HMRC.

    2 votes

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    0 comments  ·  Tax filing  ·  Admin →
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    We appreciate your feedback! Your idea has passed our review and is now live for community voting.

    To move this forward, please share it with your team and encourage them to vote. Other Xero users can also add comments now to provide more context on why this change would be valuable to them.

  2. I WOULD LIKE TO RECOMMEND A PRODUCT UPDATE ON THE PROFIT & LOSS REPORT.

    THE REPORTS 'Net Profit' ON ALL REPORTS, EVEN IF SOME PERIODS HAVE A LOSS. CAN IT INCLUDE 'Net Profit/(Loss)' AS PEOPLE, ESPECIALLY THOSE NOT IN THE ACCOUNTING FIELD TO KNOW THAT BRACKETS MEANS A LOSS, MAY INTERPRET (LOSS) AS A PROFIT

    2 votes

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    Hi Ntando, it'll be good to gauge interest from others in the community that'd like this terminology to be used as a default on the Profit & Loss report.

    Want to be open this isn't anything we have any plans for atm with the customisation that's available.

    As you may already be across, currently you can edit the heading of the row through the Edit layout, and then Save as Custom where you have the option to make the report the default for the organisation.

  3. It would be beneficial to add an option for the projects to the manual journals

    29 votes

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  4. When preparing a personal tax return it would be great if there was as option to attach files in each section. So we can attach things like bank interest statement, P60, P11d, dividend vouchers, state pension, personal pension etc.

    1 vote

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    0 comments  ·  Tax filing  ·  Admin →
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    Thanks for sharing your idea, and letting us know the changes that matter most for you. We appreciate you explaining how section-specific file attachments could support your workflow when preparing personal tax returns.

    We've reviewed your idea and now it's up to the community to get behind and support it. Make sure you share your idea with any colleagues that this could benefit so they can add their vote too!

    Along with votes, other members can now comment to share additional detail about how your idea could improve their experience with Xero.

  5. When you run an account transaction report, for a balance sheet item, the opening balance always appears in the date column. It would be helpful if Xero could recode this so that the date column is balance date + 1, and the words "opening balance" appear in the source column. The advantage of this is that when you go to use the data, and put in a filter, you don't have to edit this.

    1 vote

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    Hi Justine, thanks for sharing your feedback here regarding the Account transactions report. Appreciate the suggestion to improve the layout. We will move this idea to gain more support from the community so that other users who would also like to see this change can add their vote onto it. In the meantime, we'll monitor this space for traction.

  6. Ability to be able to override and enter manual figures in a partnership tax return. This is currently causing me a lot of issues as i now have to upload via other software.

    1 vote

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    Thanks for sharing your idea, and letting us know the changes that matter most for you.

    We've reviewed your idea and now it's up to the community to get behind and support it. Make sure you share your idea with any colleagues that this could benefit so they can add their vote too!

    Along with votes, other members can now comment to share additional detail about how your idea could improve their experience with Xero.

  7. save the report from Xero blue (clients organisation) to practice (Xero HQ).

    1 vote

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    Hi Lucy, Thanks for sharing your idea, and letting us know the changes that matter most for you. As you've found it's currently not possible to save a client report to be used in your practice.

    We've reviewed your idea and now it's up to the community to get behind and support it. Make sure you share your idea with any colleagues that this could benefit so they can add their vote too!

    Along with votes, other members can now comment to share additional detail about how your idea could improve their experience with Xero.

  8. Page Navigation buttons at the bottom of Financial Statements pages as well as the top.

    2 votes

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    Hi

    Thanks for sharing this idea about how you'd like to see the page navigation updated.

    We've reviewed your idea and now it's up to the community to get behind and support it. Make sure you share this with any colleagues that this could also benefit, so they can add their votes and comments too!

  9. Aged Receivables/Payables Summary report to include invoice numbers by default, which is commonly available in other accounting softwares. It is crucial to know the number of invoices and unique invoice reference number for ease of reference when reviewing ageing.

    1 vote

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    Hi!


    Thanks for sharing your idea about the change you'd like to see on this element of reports.


    We've reviewed your idea and now it's up to the community to get behind and support it. Make sure you share your idea with any colleagues that this could benefit, so they can add their votes and comments too!

  10. There are a number of things bugging me regarding the essential task of reconciling bank accounts. The Bank Reconciliation Reports are easy enough to create, but after that it all goes wrong. Nobody seems to have thought about what happens to them after the 'Publish' button is pressed! Here's what I think - and please please please vote for this or nothing will change.

    1) I would like to see bank reconciliation reports having their own dedicated space. They are currently hidden away in Reports>Published, mixed up with all the other published reports. Please create a new Bank Reconciliation Reports…

    1 vote

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    Thanks for sharing your idea about the improvements you'd like to see for bank reconciliation reporting.

    We've reviewed your idea and now it's up to the community to get behind and support it. Make sure you share your idea with any colleagues that this could benefit, so they can add their votes and comments too!

  11. Small Business Corporations (SBC's) can, under certain circumstances, depreciate assets in a 3-year schedule as follows:

    • 1st year: 50%
    • 2nd year: 30%
    • 3rd year: 20%

    See the attached document, under 4.2.

    Currently, this is not possible (I checked with Support).

    I expect this to work within Xero, as it is a regular tax rule in South Africa.

    Adding this schedule for South Africa would be extremely useful and important, as we now have to do the depreciation outside of Xero.

    21 votes

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     ·  4 comments  ·  Fixed Assets  ·  Admin →
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  12. Leave transaction report - NZ. Could this be changed to select multiple employees & to change the format so that there is a column for employee as opposed to grouping by employee. This enables easier reconciling through Excel. The Australian Leave Transaction report is ideal - could NZ's be made the same or similar.

    2 votes

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    0 comments  ·  Reporting  ·  Admin →
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    Thanks for sharing your idea, and letting us know the changes that matter most for you.

    We've reviewed your idea and now it's up to the community to get behind and support it. Make sure you share your idea with any colleagues that this could benefit so they can add their vote too!

    Along with votes, other members can now comment to share additional detail about how your idea could improve their experience with Xero.

  13. Many of my clients are partnerships and trade using the partners initials e.g. J & J Doe but on their reports it displays as %26 and on emails that they are sending with sales invoices, it displays as "& amp;" meaning that when I save reports or they send their invoices, this has to be changed. Having worked in a software house previously, I know that this is a programming issue and one that should have a relatively simple fix so can you please look at this.

    19 votes

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     ·  1 comment  ·  Reporting  ·  Admin →
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  14. 5 votes

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    2 comments  ·  Tax filing  ·  Admin →
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    Thank you for your valuable feedback and for sharing this idea with us.

    Your suggestion is now open to the community! We encourage you to share it with colleagues who could benefit so they can vote to support it. Other members can also comment to add details on how this change would improve their Xero experience.

  15. When you lodge BAS using Xero automation, it creates a draft Bill. My idea is that the BAS report the bill is based on, is also uploaded to the draft Bill as an attachment.

    4 votes

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    Thanks for submitting your idea, Marius.

    We've reviewed your idea and now it can gain support from other community members.

    Along with votes, others can now comment to share additional detail about how your idea could improve their experience with Xero.

  16. Create a Receivable and/or Payable Credit Note Report which lists all credit notes issued/received, and the corresponding invoice they are linked to. This will help as when a credit note is issued the status is 'paid', however if I want to do a review of invoices and days until invoice is paid, I want to be able to exclude items that have been credit noted.

    3 votes

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    Thanks for sharing your idea.

    For now, the closest thing we have is to use the Receivable/Payable Invoice Detail (or Summary) reports.

    You can use the Filter option on Source, to only show credit notes. However, the existing reports don't show the invoices/bills they're allocated to.

    It's now up to the community to get behind and support it. Make sure you share your idea with any colleagues that this could benefit so they can add their vote too!

    Along with votes, other members can now comment to share additional detail about how your idea could improve their experience with Xero.

  17. When pulling a Contacts report (expense by vendor, cash payments made to vendors, etc) out of Xero, please add the ability to "turn on" more fields from Contacts. For 1099 purposes, it's crucial to see "business entity" selections and "DBA names" (IRS-registered business name) when preparing the 1099 report. I know you can see this info within the 1099 report, but looking at one contact at a time is not efficient.

    1 vote

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    Hi Nikki! Thanks for sharing your idea, and letting us know the changes that matter most for you. We can see why this feature would be useful when you want to see what entity type the contact is.

    We've reviewed your idea and now it's up to the community to get behind and support it. Make sure you share your idea with any colleagues that this could benefit so they can add their vote too!

    Along with votes, other members can now comment to share additional detail about how your idea could improve their experience with Xero.

  18. TOMS- tour operators marginal scheme
    it would be great that Xero support this VAT scheme.

    11 votes

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     ·  3 comments  ·  Tax filing  ·  Admin →
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  19. Add the estimates section when downloading a copy of the Tax Return, to a full breakdown of the assessable income & tax owed. Usually I use pg 4 on a downloaded copy of a TR, but it does include a values in that section. it would be best to have a detailed summary that fits in 1-2 pages.

    1 vote

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    0 comments  ·  Tax filing  ·  Admin →
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    Hi Patrick, thanks for sharing this idea and for clearly outlining how a more detailed breakdown of assessable income, deductions, offsets, and tax owed in the downloaded Tax Return would fit into your workflow.

    We’ve moved this idea into Gaining support. It’s now open for the wider community to add votes and comments, which helps us understand how useful this change would be across different practices. If others see value in this, they’re welcome to share how they’d use it.

    We’ll continue to monitor the feedback as it comes in.

  20. When Importing from Xero to Xero Tax (AU), there is a filter button to filter only PP or NPP labels (or Both).

    These are only relevant to Revenue and Expenses account types (and tax return labels).

    When I click PP or NPP and then move onto Assets/Liabilities/Equity, no Tax Return Labels show up in the drop down (because Xero Tax filters them out).

    Xero Tax SHOULD NOT filter out labels for Assets/Liabilities/Equity. There is no benefit and no efficiency for this behaviour. Xero Tax should return ALL labels for Assets/Liabilities/Equity whenever PP or NPP (or Both) is selected.

    1 vote

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    0 comments  ·  Tax filing  ·  Admin →
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    Thanks for sharing your idea, and letting us know the changes that matter most for you.


    We've reviewed your idea and now it's up to the community to get behind and support it.


    Make sure you share your idea with any colleagues that this could benefit so they can add their vote too!


    Along with votes, other members can now comment to share additional detail about how your idea could improve their experience with Xero.

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