Company Accounts (UK) | New xero Financial accounts UK module in Xero business
We have been using the New Financial Accounts FRS102 IA template in Xero Business. Here are our feedback notes. In case anyone else is having the same issues.
1. We had a resignation of a Company secretary and in the period. It does not show resignation date. Also the formatting of the directors name is interesting to say the least. Not a normal format. Last name first.
2. When looking at the Xero HQ List of accounts it shows either in progress or Error until actually filed.
3. You can not lock the accounts depending on Reviewer, or preparer status. It shows not audit trail as to when and who has locked it requiring further checks at filing,
4. When filing you can not recheck the CAC code as it's got to vision allowance.
5. When filing you do not receive a submission receipt at all!
6. After the accounts are filed you have to reopen the CT600 to be able to file it. To do this you need to be a reviewer status and then click through and re final review before filing opening up to issues surrounding changing items and again audit trail!
I'll note that the program is significantly easier to use than the current company accounts and tax module. But still needs work around processes.
Francisca Dale
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