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Reports & tax

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Reports & tax

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39 results found

  1. PREPAID/DEFERRALS MODULE

    I know that there are certain 3rd party apps which provide such features for the accounting of prepaid expenses/ deferred revenues.

    Also, Quickbooks offer similar feature.

    While we love Xero and the robust financial controls it offers, we believe it is extremely important to offer a plan which includes prepaids/deferral accounting assuming all entities faces these situations, to avoid manual accounting for these and reduce human errors.

    9 votes

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  2. The only thing you seem to improve is reporting, and honestly, I’d bet a lot of people don’t even use those fancy reports because they’re unnecessary.

    What’s missing are the basics. You don’t even have a proper general ledger customer or supplier report with running balances. Your customer and supplier reports simply aren’t designed that way. These are essential reports for accountants and auditors.

    We also can’t do customer or supplier journals, and don’t even get me started on the lack of bulk offsetting of credits.

    I love Xero overall, but these areas need serious attention. You are losing clients,…

    7 votes

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  3. Supplier Payment Report - A report to show payment date, invoice date, invoice number and amount paid for all suppliers to assist with preparation of Payment Times Report.

    4 votes

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    1 comment  ·  Reporting  ·  Admin →
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  4. Can you raise an enhancement request for the P&L report to give 2 options- Includes GST and Excludes GST to give an option to the user(similar to the current option of Cash or Accrual)?
    If a user selects "Includes GST ", a new line item gets added showing the GST account, else default option is "Excludes GST " meaning no change to the current report.

    4 votes

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    1 comment  ·  Reporting  ·  Admin →
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  5. According to HMRC there can be an adjustment to the first MTD IT return, so that the submissions are based on calendar quarters, rather than the existing standard ones. This would help align the submissions to VAT periods and documents received/bookkeeping done. So for example, the first period would be 1st April to 30th June, instead of 6th April to 5th July 2026. I understand this may only affect businesses with a year end of 31st March.
    Currently, Xero doesn't support this (confirmed 09.02.26).
    Is this needed or is there a work around?

    3 votes

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    1 comment  ·  Tax filing  ·  Admin →
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  6. Please implement partial depreciation for assets that are being replaced partially.

    3 votes

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  7. Open the API for expenses so they can be approved via workflows in the same ways as you have for invoices and bills.

    2 votes

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    1 comment  ·  Admin →
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  8. Please can you include an option to be able to view the budget further than the previous 12 months. I am trying to compare my full FY 2025, year-end 31 December 2025 to my full year's actual to report to our Board of Directors. Currently the Budget Manager in Xero only allows you to go back 12 months from the current date. I am therefore unable to generate the report required by my Board.

    2 votes

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    1 comment  ·  Budgets  ·  Admin →
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  9. AU Tax - Individual tax return - import excel spreadsheet of capital gains tax transactions - could you provide a template so we can import the cgt transactions - saves time in processing and doubling up data entry - workpapers and then again in tax return

    2 votes

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    0 comments  ·  Tax filing  ·  Admin →
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  10. For bank accounts - it would be good to have the contact and description concatenated as for other accounts. This way account lines could easily be matched.

    3 votes

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    0 comments  ·  Reporting  ·  Admin →
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  11. Email alerts for failed TIN Matches.
    We have not received any alerts or confirmation emails on 1099 filing status. Having to login and check each client is cumbersome. Being able to see statuses on filing in one place would be great.

    3 votes

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    0 comments  ·  Tax filing  ·  Admin →
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  12. other platforms have the ability to calculate dividends as per the attached, something like this would be good and pretty basic in my opinion, surprised it isnt already there

    2 votes

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  13. When adding a new client to Practice Manager or HQ and creating a Xero Organisation to link to said client, the basic Organisation details (e.g. ABN, contact details, address details) should automatically pull through to save double entry. This should also work vice versa, when you create the Xero Organisation with all the client's contact details, then create the client in Practice Manager or HQ and link the two, these details should pull through to the corresponding details in PM/HQ

    2 votes

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  14. attach the invoices in the Vat filing for cash scheme.

    2 votes

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    0 comments  ·  Tax filing  ·  Admin →
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  15. When you log in you have an option to change the date view for the system. Default would be the current day - however you could change it to 31.12.25 which means that when preparing year end accounts it would make it simpler for running reports, making adjustments etc

    2 votes

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    0 comments  ·  Reporting  ·  Admin →
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  16. Please can Xero improve the dashboard notifications regarding VAT returns so that it shows that the VAT return has been submitted. This would avoid me having heart failure when I log in and see the information below! Our VAT is collected by direct debit, so I know if it is submitted, its HMRC direct debit taking its time, and not my mistake!

    2 votes

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    0 comments  ·  Tax filing  ·  Admin →
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  17. Currently, It prints TITLE, COMPANY, DATE/ PERIOD. Please can you add to DATE/ PERIOD 'as @ TIME OF PUBLISH'. This would solve issues where I am looking at two identical spreadsheets but am unable to tell which is up to date.

    2 votes

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    0 comments  ·  Reporting  ·  Admin →
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  18. It would be convenient if the dropdown for future months extended further than one future fiscal year. This can be circumvented by entering the second next fiscal year budget using the next fiscal year's months, and copying it to the correct months at year-end, when the next year's month become available, but this creates unnecessary additional work at year-end.

    2 votes

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    0 comments  ·  Budgets  ·  Admin →
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  19. To confirm, there isn’t currently a way to move the Supplementary income section so that it appears straight after the main Income section in the printed ITR.
    When using the new layout, Xero Tax does let you customise print settings, but this only lets you choose which main sections to print and reorder the sections that are available in the print pack, but it doesn’t let you change the internal order of the Individual return such as the Supplementary income section.

    This makes it difficult if you quickly want to look in the ITR and review all of the income…

    1 vote

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    0 comments  ·  Tax filing  ·  Admin →
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  20. Add toggle on tax return cover page at daytime contact number section for client phone number or agent phone number similar to postal address and banking details and have information from client manager auto filled for phone number and email address

    2 votes

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