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Reports & tax

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Reports & tax

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890 results found

  1. It would be useful to be able to file historic tax returns prior to the dates shown in Xero. I have a client who submitted his own accounts but has never submitted his own tax returns so we need to file 4 returns for him but we are only able to go back 2 years.

    10 votes

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    4 comments  ·  Tax filing  ·  Admin →
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    Thanks for your feedback on preparing historic tax returns in Xero. We appreciate you sharing how important this is for managing client compliance needs.

    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.

  2. GST Return Export

    It is annoying that the new GST return layout does not export the essential fact that it is a GST return and the period. The new GST return now just exports the business name and the end of period date.

    It needs to have the words "GST Return" or similar.

    1 vote

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     ·  0 comments  ·  Tax filing  ·  Admin →
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  3. At the moment Xero allows you to change a CIS invoice etc that effects the CIS return that you have already submitted. It doesn't tell you that it would need to be resubmitted or that your action will effect your CIS report. Would it be possible for Xero to alert you that your action will effect the CIS report already submitted and advise you to resubmit it.

    2 votes

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     ·  1 comment  ·  Tax filing  ·  Admin →
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  4. Add the Project Name to the Receivable Invoice Detail report

    7 votes

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    5 comments  ·  Reporting  ·  Admin →
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    Thanks for sharing your idea in the community here, Trevor. We don't have plans for adding Projects to other reports in Xero at present but we'll start to get a sense of the interest for this in your idea here and share if there are any changes.

  5. This is minor but annoying. I am working my way through a list of draft assets and when you register each asset Xero reverts to the registered list rather than returning to the draft list. This gets very tedious when you have a lot of draft assets!

    Conversely when you are disposing of assets it reverts to the disposed assets list when it would be more efficient to revert to the registered assets list so I can dispose of the next asset.

    5 votes

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    Appreciate the feedback on the little things that would improve your experience when working with Fixed Assets. I've shared this back with our product team. We don't have any immediate plans but we'll track the interest and share if there's any change planned.

  6. Reports - Aged Receivables: I would like to be able to include the VAT rate/VAT rate name as a column in the aged receivables detailed report to avoid manually checking each invoice in the list

    1 vote

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    0 comments  ·  Reporting  ·  Admin →
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  7. When running the GST Transactions Report, each and every line from each invoice is reported separately, creating a ridiculously large report.
    Perhaps there could be one single line per invoice, reporting the total GST for that invoice? Like it used to be?

    Thanks

    3 votes

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     ·  0 comments  ·  Tax filing  ·  Admin →
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  8. Is there a way to create a sql report for trial balance or some other form of report that can be downloaded by excel power query? Eg a website link that could be accessed privately by sending and excel query? It gets very tedious repeatedly downloading trial balances again and again.

    4 votes

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    2 comments  ·  Reporting  ·  Admin →
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  9. I would like to suggest adding the capability to generate Sankey diagrams within Xero. Sankey diagrams are highly effective in visualizing the flow of resources, such as money, energy, or data, through different stages or categories. They could be used to illustrate cash flow, revenue distribution, and expense breakdowns in a more intuitive and engaging way.

    By adding Sankey diagrams, Xero could offer users a more dynamic and insightful view of their financial data, helping them better understand how money moves through their business, leading to improved decision-making and reporting.

    7 votes

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    1 comment  ·  Reporting  ·  Admin →
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  10. Please explore the possibility of generating a report that efficiently and clearly captures Recurring Payments made to any contact or supplier with either monthly or yearly frequency?

    Currently, this is not achievable without significant manual effort to extract data from various reports in Xero. While I’m aware that the "Repeating Bill Payment" feature setup can also aid with producing a report of this nature, most clients do not use this setup, and the information isn't sufficient.

    Payments have been processed in Xero through various methods, including bills, direct debits, and spend money transactions. The desired report should be able to…

    2 votes

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     ·  0 comments  ·  Reporting  ·  Admin →
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  11. An option to set the date range to "last week" from the date range pull down options in account transactions reports.

    Being able to create custom account transactions reports set to "last week" would be invaluable for our weekly reporting, avoiding fiddly changes to the date range each week when pulling a number of reports, and preventing any dating errors.

    It would be a great advantage.

    Should be an easy to add that option to Xero, I would have thought.

    And it is a common option (e.g. GoCardless has it.)

    3 votes

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     ·  0 comments  ·  Reporting  ·  Admin →
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  12. I would like to request that the parameters around the business snapshot ratio's (specifically current ratio) exclude long term loans that are connected to a bank feed.

    Currently if a long term loan is connected to a bank feed it must be allocated as "Bank" this then over rides any account type or account mapping settings otherwise designating the account as a long term liability in regard to ratio's. Xero simply assumes if it is "bank" it must be an overdraft or credit card and therefore is a current liability. This deems any ratio's within the business snapshot relying on…

    9 votes

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     ·  2 comments  ·  Reporting  ·  Admin →
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  13. Turnover per XERO and VAT declared Net Sales should be ideally Equal ,however often may not match and therefore need reconciling-which is important to understand the difference from both the YE accounts and HMRC point of view .

    There should be a report in XERO which can facilitate this reconciliation rather than use spreadsheets -which is time consuming when the information is already existing in XERO

    One of difference arising is -"The Date" invoice created and approved -are different and will report in different periods of the VAT return and Xero Sales Nominal Account

    Example -Invoice created and left as…

    2 votes

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     ·  0 comments  ·  Reporting  ·  Admin →
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  14. It would be beneficial to add an option for the projects to the manual journals

    30 votes

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  15. Mathematically a negative x a negative = a positive. But when this is gross profit @ 312%, it does not represent the business financial position.

    1 vote

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    0 comments  ·  Reporting  ·  Admin →
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    Hi Charlotte, sorry we haven't responded to your idea sooner. Appreciate your screenshot and raising this with us. I'd recommend this is something our Xero Support team take a deeper look into with you. If you can raise a case with them through Xero Central they have tools to be able to escalate this with our product team if not working as it should.

  16. Since system allows to import manual journal with up to 300 lines cap, it would be of high value to have a feature to import additional lines into the existing manual journal (especially that we found an instruction on how to do that, but there is no functionality withing the Xero product)
    Or as another alternative, if there is an option to merge existing manual journal entries than it will work perfectly as well.

    8 votes

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    Hi everyone, thanks for sharing your needs in adding more lines to an existing manual journal.

    We're in the process of rolling out a modernised Manual Journals experience.

    As part of the new design you'll be able to copy from a spreadsheet and paste lines directly into the journal grid, making it faster and easier to enter larger journals.

    While this isn’t the same as importing additional lines into an existing manual journal or merging journal entries, we're keen to hear your feedback here if this solves your particular needs.

    I'll round back to confirm once this new experience is rolled out in all regions.

  17. VAT In the VAT boxes you have to "adjust" the figure rather than entering the relevant amount. Why can't you just enter the figure and move on. It would be much easier. Also you can't delete what you've done in a box or re-start the entire return. In my view it makes Xero a sub-standard product.

    5 votes

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     ·  3 comments  ·  Tax filing  ·  Admin →
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  18. Would like to be able to find and recode transactions in bulk or have a report somehwere, where we can search the "include Adjustment to Tax" amount on any transactions. There is currently no way to find transactions that have this and to correct we have to find the batch payment, undo, edit the invoice, approve and re-batch. Not ideal.

    1 vote

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     ·  0 comments  ·  Reporting  ·  Admin →
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  19. South African Law is in desperate need of a simple Xero based Trust Account Management system.

    Xero is so easy to use for the Business transactions, a similarly user friendly option for Trust Account Management would be a dream.

    1 vote

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     ·  0 comments  ·  Fixed Assets  ·  Admin →
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  20. I would like for Xero to provide more detailed analytics about the exposure my business has to foreign currency, with existing foreign currency bank accounts, bills and invoices, but also based on averages regarding how much I am spending and receiving in each currency projecting that out into the future perhaps over the next quarter.

    2 votes

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