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Reports & tax

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Reports & tax

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787 results found

  1. Ability to assign purchase orders to a project in Xero.

    Purpose: To make Xero projects overview shows everything ordered/billed & invoiced to the customers.

    530 votes

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    Hi community, some time passed since our last update in the thread here we do want to return and share - while our product teams explored possibilities for how we might represent Purchase Orders in Projects research has confirmed that there is underlying work needed to the platform Purchase Orders are built on before we can achieve any good outcomes of your needs here.
    We have enthusiasm and a close eye remaining on the support for this, but want to be honest that this is not something that we’ll be able to focus our attentions on in the near future.
    Once we have completed work first needed in the Purchase Orders space we can reassess how to integrate purchase Orders into Projects and will update you all of steps forward, here.

  2. Ability to process a manual journal in foreign currency and to pull the exchange rate on the date of the journal.

    Purpose: It’s beneficial for organisations who are dealing and operate with multiple currencies

    375 votes

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    Hi community, first off thank you for contributing and detailing why posting manual journals in a foreign currency is of interest to you all.

    We appreciate our customers would like to see more capability in accounting for and dealing in foreign currencies across Xero.

    In it's current form Manual Journals are a part of Xero that require some upgrade to uplift technology in order to provide capability for ideas like this to be considered. We have intentions of bringing attention to this over the coming year, however getting this done first is necessary before we can even think about adding newer functionality like journaling in another currency to the mix.

    To set the expectation here, there is no work planned over 2023 for this feature. We know it's of high interest and when we're in a place to reassess we will share with you here.

  3. It would be incredibly helpful if 'Quantities' & ' Unit Price' were included as column options in the Account Transactions report.

    This way one can quickly review the quantity & price of each entry without having to drill down into each individual entry. It would also provide a total quantity and average unit price for the given period.

    The example that I am referring to is on a farm business where we would like to review the tonnes of crop sold and the price.

    187 votes

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     ·  74 comments  ·  Reporting  ·  Admin →
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  4. Would like a report showing a list of bank account number changes. This would show original bank account number, new bank account number, contact's name, date the bank account number was amended and who amended the bank account number and to be able to print this as a pdf. This would be of great benefit because of fraud and also our Auditor has asked if we can produce a list of bank account number changes for a selected period.

    184 votes

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    52 comments  ·  Reporting  ·  Admin →
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    Hi everyone, while we don't have a direct report for this, some changes we've made to History & Notes in Xero will help in achieving what you're in need of here. 

    You can run the History & Notes, filtering by Type = Contact and typing 'Bank account number' in the Search to just view results for this action. 

    If needed you'll be able to export your results to PDF or Excel. 

    Though the contact name doesn't show on screen, you can right click on the Contact in the report to open the contact's record in a new browser tab, that allows you to inspect details without navigating away from your History & Notes results. 

  5. Ability to show average days to pay by customer.

    Purpose: User can sort into the customer that habitually pay late and take appropriate action.

    178 votes

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    32 comments  ·  Reporting  ·  Admin →
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    Hi community, thanks for your interest in this idea. Just wanted to pop in here to share, for those who aren't already aware, that you can export the Receivable Invoice Summary report. The report has a 'Last Payment Date' column that you can add to it which is useful for finding customers who habitually pay late so that you can take appropriate action.

    To be transparent, building a feature to show the average days to pay by customer isn't on our roadmap at this time, but we'll be sure to update this idea if that changes in future.

  6. Ability to choose either portrait or landscape for aged payable/receivable report layout.

    Purpose: To make the layout look more consistent between these two reports.

    159 votes

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    62 comments  ·  Reporting  ·  Admin →
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    Hi everyone, understand the confusion in some of the recent comments here. To explain how this works at present - A report will automatically default to portrait or landscape mode based on the width of the report. The more columns you add, Xero will automatically switch the layout from portrait to landscape mode.

    The same report should not change from user to user, if you're finding this it may be worth checking your printer fit settings and if these differ.

    We don't have plans for developing an option of whether a report prints in landscape or portrait mode atm, but our teams are across the interest of this, so if there's any change we'll share an update on this with you, here.

  7. 156 votes

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     ·  54 comments  ·  Fixed Assets  ·  Admin →
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  8. Feature where users’ can include addition to existing assets.

    Purpose: To save users’ time rather than having two create two different assets in Xero.

    148 votes

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     ·  26 comments  ·  Fixed Assets  ·  Admin →
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  9. Remove the limitation on posting manual journal entries to bank/cash accounts. I end up spending way too much time on manual workarounds (payroll entries for example, you have to use a "bill" to replace the functionality of a journal entry). It ends up taking way more time working around the limitation than its worth. As a new user of Xero, I'm incredulous. I've worked with multiple accounting software platforms over the years, and never been exposed to such a massive limitation like this. It's almost a dealbreaker, and for some clients it certainly is. I've been looking for a viable…

    135 votes

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    Thanks for the added detail, everyone. It's good to be able to share this detail back with our teams.

    Appreciate why Bank Rules won't help for cash accounts and where you don't have a bank feed coming into the account.

    Being open, this isn't something we have plans for changing in the short-term. We'll leave the idea open for our product team to continue considering how we could improve efficiency in some of the situations you've described. If there are any updates we'll share this with you all here.

  10. Under current simplified depreciation rules, small businesses deduct the balance of the small business pool at the end of the income year if the balance at that time (before applying the depreciation deductions) is less than the instant asset write-off threshold.

    Currently Xero's pool does not apply this rule & continues depreciating at 30%. It would be great to have a product update so the correct application of current tax rules applys to the pooling system in Xero.

    132 votes

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    Appreciate the traction this idea's gained - Thanks for your support, everyone.

    Our Fixed Asset product team are working on upgrades to Fixed Assets platform and updating technology - Read more on this broader work on Xero Central

    We understand how having an automated control to recognise and apply a write-off for general pooled assets where the balance is beneath the threshold would be useful, this is not in our roadmap right now.

    That said, they have a close eye on ideas for Fixed Assets for when the time's right - we'll share any change on the idea, here.

  11. Having an Indirect Method report to be available as a standard report.

    Purpose: Using this report is easier for users’ who don't have feeds activated in their Xero org.

    129 votes

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     ·  51 comments  ·  Reporting  ·  Admin →
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  12. allow quantities to be added direclty to the ledger and then to feed into reporting templates. manualy entered reporting data is fraught with danger and history is lost from year to year, which means we are replugging data every year...current "semi-automated" practice doesnt seem to fit with xero ethos

    127 votes

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     ·  15 comments  ·  Reporting  ·  Admin →
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  13. Separate the INCOME TAX EXPENSE from the normal operating expenses in the Profit & Loss Statement. for example:
    - Net Profit Before Tax
    - INCOME TAX EXPENSE
    - Net Profit After Tax
    This is the basics of accounting apps.

    121 votes

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    10 comments  ·  Reporting  ·  Admin →
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  14. To allow multiple Fixed Asset Changes to be made at once and also selecting multiple Assets to Register at once.

    Purpose: To save users time. Especially when dealing with large Asset Registers and users have to edit it one by one.

    113 votes

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     ·  44 comments  ·  Fixed Assets  ·  Admin →
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  15. Show files icon and number of documents attached within Account Transaction report.

    Purpose: To easily search the attached document from the main account transaction report screen.

    111 votes

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     ·  29 comments  ·  Reporting  ·  Admin →
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  16. Would it be possible to add Project Codes as a selectable column in the Account Transactions report? We would find this most useful as it would save time.

    99 votes

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     ·  45 comments  ·  Reporting  ·  Admin →
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  17. Ability to change the file name when exporting reports

    When exporting reports, it defaults to Company name_Report Name.pdf. We have a format of naming files in our business which does not match the default format. It would be simpler to be able to change the default file exporting system so that it more closely fits our standards, saving time. This could be added into the company settings. Options include: Report should say: Text [placeholder] Text [placeholder], and "include or exclude underscore".
    Options for placeholders include date printed, company name, report name, etc.

    87 votes

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    40 comments  ·  Reporting  ·  Admin →
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  18. To make contents and cover page customisable in the New Reports.

    Purpose: To make the report look more professional when showing it to the clients.

    87 votes

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    14 comments  ·  Reporting  ·  Admin →
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    Hi everyone, right now the only way to edit a cover page in Xero is when you're publishing the report template. 

    Then you can change the Title, Date and Prepared by options. To further change the cover page, you can export the report template to a PDF file and customise it using a PDF editor. This would also be an option for editing the page numbers

    We made some changes in Report styles for our new reports in 2021, though this is only for practice users - They now have the option to choose from four font sizes, and can add a text watermark to exported draft and published reports. 

    We don't have plans to develop this functionality further in Xero atm, but we'll keep you updated if our plans change.

  19. Standard layout, which is the one that clients generate and use to check their profits, shows dividends paid, Income tax expense or distributions. This makes the client very confused as these are not part of the operating expenses. Clients do not need to know how to edit or prepare a new layout to take these expenses out. Also, we as accountants can't customize P&L for each of our clients.

    This needs to be address urgently.

    81 votes

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    10 comments  ·  Reporting  ·  Admin →
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  20. When using a custom Profit & Loss report in a set of Financial Statements, you are unable to format formulas to be in bold or underlined. It would be beneficial from a visibility perspective to have these in bold, so they stand out as formulas.

    Can this be updated so to enable formatting at this level.

    80 votes

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     ·  10 comments  ·  Reporting  ·  Admin →
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