CIS - CIS Materials Income account
When setting up Xero for a registered Subcontractor it would be really useful if Xero automatically created a revenue code for CIS Materials Income, like it does for CIS Labour Income.
When setting up a registered Contractor, Xero automatically creates CIS Labour expense and CIS Materials Purchased. But for Subcontractors to invoice CIS Materials Income they have to create their own code. But this is not mentioned in the support articles.
If Xero cannot add this code to the Subcontractor CIS set up, then can they at least add guidance in their support articles please.
Deborah Rees
shared this idea
Thanks for your feedback on CIS account setup for subcontractors. We appreciate you highlighting how this could improve the setup experience.
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Lynn Marshall
commented
Don't understand why this is not a default setting already!