Transition period for non UK organisations - managed financial year end
Can the transition period for change in financial year date be added to companies that are non UK organisations as well. we have a group of companies that all extended their financial year but i have only been able to use the transition period in UK organisations. Why is this not an option in non UK organisations?
Hi Claire, thanks for raising this. We appreciate you sharing the want of having the transition period feature across all the regions while it is only currently available for UK organisations. Your idea is now in Gaining support status, meaning our community team have reviewed it and it's open for community support through votes and comments. We encourage others who would benefit from this to add their votes and share their use cases to help us understand the broader need.
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Wehan Dreyer
commented
We see companies more than ever considering year-end changes lately, and I suspect it is less about preference and more about fit. In many cases, the traditional Feb year-end no longer aligns with the business' operating cycle and reporting requirements. This limitation could become a real weakness for Xero if not addressed soon.
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Quanette Kruger
commented
When a existing company had a year end change, there should be a a option to add the new year end. Currently when you add the new year end, all of the reports change to the new year end.