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Add a section to manual journals so that you can make adjustments for a specific vendor (customer).
For example, our customer signed a contract for subscription for 12 months. I show deffered revenue and then every month I transfer part of this deferred revenue to revenue. It is very difficult to track whether all deferred revenue has been converted into revenue if it is not possible to keep records of revenue by counterparties, especially if multi-currency accounting.

Please could this feature be added as its important to assign it to a specific contact as it will create a credit and will not show they are owing.

To add to this - we have just spent 3 hours debugging this to find out why the investment accounts don't add up to work out that the manual journal doesn't have the contact assigned. Please can you add this

This is a basic requirement - it need to be added.

I agree, I had a case where a client had posted an invoice payment to the wrong customer, and rather than create a simple Journal against the debtors to correct the customer payment we had to create a credit note for the client that needed a payment allocated and then an invoice to put the other customer back as owing?

How about when we defer income or post bad debt and want to correct the debtors to reflect these changes but we cannot adj the individual customer?

This is something Quickbooks provide as standard and I was very shocked to find out that Xero doesn't allow the same.

We urgently need a workable solution as discussed it's a basic requirement

This is a basic requirement - it need to be added.

I cannot however understand why the system does not allow you to just pass a simple customer or supplier journal – it is a basic function that all accounting packages have that I have ever worked on. Why complicate it

This is a very useful add in and helps analysis /budgeting / cash flow etc . I've seen this categorisation work really efficiently with Transaction reporting saves time having to tidy data and using Management accounts products . A lot of other systems have this functionality - can Xero catch up ?

We would like the option to use an 'Adjustment' to modify a clients credit balance. The current process means we need to raise an invoice to reduce the credit balance which effectively leads to an inaccurate record of actual work billed/invoiced for the client. This would be used when we want to use a credit balance from one entity to apply to another related entities invoice.

Really critical for us to track prepayment & accruals by supplier as we scale to get full picture of supplier spend

This will help with tracking Prepayments and Accruals, it'll be easy to see balance not released easily in Xero

To add a customisation for Manual Journals to be linked to Contacts?
We're having to type names of Contacts into descriptions and they don't show in Contact record.

This is a really important function. Even much more basic systems have the ability to do this

This function is absolutely critical. Really surprised Xero still doesn't allow this

Extremely important. QuickBooks has this functionality and am surprised to find that Xero does not

Very critical to address intercompany balances track record.

Vital to have contact, else, how track track what are the remaining prepayments attributable to each contact

Need to be able to journal against a debtor and creditor.

Im guessing this is a legacy issue from back before we had a contact field for a given transaction, but it really needs to be fixed for proper revenue recognition. Right now I need to manually type in a customer in the description field, get rid of any narration that would appear there, then manually add it to the contact field for every instance of rev rec by customer in a report outside of xero. This will not work for any saas company of any scale.