Automatic Provisions for Employee Entitlements
Automatic Provisions for Employee Entitlements
It would be highly beneficial if Xero could automatically generate accounting provisions for employee entitlements such as:
Annual leave
Personal/carer’s leave
Long service leave
Based on the payroll accruals already calculated within the system, Xero could automatically post monthly journals to recognise the provision expense and liability in the general ledger.
Currently, many businesses must calculate and post these provisions manually, which increases the risk of errors and inconsistencies. Automating this process would significantly improve accuracy, efficiency, and compliance with accounting standards.
Matheus Toledo Cupertino
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