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Reports & tax

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Reports & tax

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  1. When a client changes their GST taxable periods (e.g. 2-monthly to 6-monthly filing) they often need to file a return for a non-standard number of months to align with their balance date (e.g. 4-month GST return). It would be nice to be able to change the GST period settings in Xero to allow for the non-standard GST return to be filed directly from Xero.

    5 votes

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     ·  0 comments  ·  Tax filing  ·  Admin →
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  2. The ATO has announced a Sharing Economy Reporting Regime Report (SERR) where all Sharing Economy businesses also known as 'EDP operator' (electronic distribution platform) also known as "Intermediary" are required to report twice a year. When will this Report be prioritised by Xero?

    1 vote

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    1 comment  ·  Reporting  ·  Admin →
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  3. In the overall budget report, add column for annual total.
    Add additional option to include quarterly or triannual sub-total columns.

    15 votes

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    2 comments  ·  Budgets  ·  Admin →
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  4. We would like the ability to transfer a GST refund to another tax payer. It can be done if we file online at IR and we would like Xero's GST return to file automatically with this feature. We have associated groups and have refunds that we want to offset against another tax payers GST to pay.

    15 votes

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     ·  2 comments  ·  Tax filing  ·  Admin →
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  5. Is there a way to create a sql report for trial balance or some other form of report that can be downloaded by excel power query? Eg a website link that could be accessed privately by sending and excel query? It gets very tedious repeatedly downloading trial balances again and again.

    4 votes

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    2 comments  ·  Reporting  ·  Admin →
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  6. Allow the Aged Payables Report to be grouped by the Planned Date.

    2 votes

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    2 comments  ·  Reporting  ·  Admin →
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    Hi Alison, while there's no direct option to group by Planned date in the Aged Payables Detail report atm, if you change Group to None, once run you can click the Planned Date column header within the report to re-order by this field and it'll group all payable invoices by Planned Date.

  7. Insert blank row in customised financial reports to separate different groups..

    13 votes

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    6 comments  ·  Reporting  ·  Admin →
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  8. When using any report, when drilling down into more detail is great BUT there seems no way of then returning to the original report without re-running it after you have finished reading the drilled down info? Or have I missed something.

    4 votes

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    0 comments  ·  Reporting  ·  Admin →
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    Would be good to get an example of a specific report you're drilling into, Lyn. You should be able to click the back button on your browser to return to the previous page / report you're on.

    Alternatively, right click and opening the drill down figure in another tab may also be useful here 🙂

  9. Would be great to be able to run a report showing the monthly net movement on the trial balance for a year (ie. 12 columns)

    11 votes

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    4 comments  ·  Reporting  ·  Admin →
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    Aaah yes I get what you mean, thanks for coming back to clarify for me, Kevin. We'll leave the idea here to gather interest.

    While this isn't something we have plans for atm, I'll update if there is any change around this to share.

  10. Sometimes small buisnees is exactly that - a small business without the need for a robust accounting software, but with the requirement for annual online tax filing ability. Effective 2024 all Canadian corporations, with very few execptions, are required to file their corporate tax online.

    My understanding is Xero offers this option to UK Accountants & Partners only - not to small businesses.

    I suggest this option be made available to the small business that make up most of the country's enterprises. The Canadian government has decreed the online filing method is required from 2024. There are many accounitng programs,…

    1 vote

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    Thank you so much for submitting your idea and highlighting the changes that are important to you! We've reviewed your suggestion, and it's now live for the community to review, vote on, and support. Please share your idea with colleagues who would also benefit from this change so they can cast their vote.

    Other members can now also add comments to provide further detail on how your idea could enhance their experience.

  11. Provide the ability to schedule requesting on a daily basis the EFT Reconciliation reports in XPM, currently being a manual request locked behind Business settings permissions.
    Provide also the resulting reports in either a Custom Reports area or standard reports so admin staff without the Business Settings permissions can view the ATO EFT reconciliation reports, filtered by date and Tax Agent Number. Possibly add a permission to view these reports as a separate permission.

    12 votes

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    3 comments  ·  Reporting  ·  Admin →
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    Thanks for supporting and sharing with us how scheduling of reports could enhance your workflow. While we don't have immediate plans for this feature, we have a pulse on the ideas for this in community here and will be sure to update if there's any change to automate these for you.

  12. It would be really useful if you could manually adjust depreciation on an asset by asset basis, where depreciation has been changed outside of the Xero product. This could be where depreciation has been run within the product for management accounts, but been adjusted by another accountant outside of the product when running the year-end. The manual adjustment would be great for aligning the submitted accounts with the accounts in Xero.

    28 votes

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     ·  4 comments  ·  Fixed Assets  ·  Admin →
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  13. It would be helpful if the short-term cash flow could be integrated with the budget. Since we operate on 30-day end-of-month payment terms, the cash flow is often inaccurate. The sales figures are the primary element we would like reading from the budget.

    5 votes

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     ·  0 comments  ·  Budgets  ·  Admin →
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  14. We run multiple branches out of one Xero ledger. We find the income and expenses by contact report very handy to track sales data, however it would be much more useful if we were able to filter by tracking catagory (for our instance we track branch locaiton).

    11 votes

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  15. At the moment I cannot email end of year CIS statements through Xero to contractors like I can for monthly CIS statements.

    It would be very helpful to have this facility as I have to download PDF for EACH contractor (which can be very time consuming) and email individually at year end.

    This is a requirement as a CIS main contractor, so should be automated and easier for us to do this. Thanks

    14 votes

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     ·  4 comments  ·  Tax filing  ·  Admin →
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  16. It would be very useful to be able to amend CIS returns on Xero before final submission (as it is possible with VAT returns).

    1 vote

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    0 comments  ·  Tax filing  ·  Admin →
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    Thank you for raising this idea about the ability to amend CIS returns before submitting them. As per HMRC requirements, the CIS deduction is an event that is legally tied to the cash transaction of a payment being made. Because of this, the final return is based on these completed cash transactions, and any changes must be made through HMRC's official amendment process. Therefore, the ability to edit the return before submission is outside of Xero's control as we must adhere to the strict requirements set by HMRC for the CIS scheme. While we understand this isn't the answer you were hoping for, we want to be transparent about why this is not something we can build. We will continue to explore any potential solutions that may align with HMRC's future requirements, but for now, we must follow their strict compliance rules ✨

  17. Separate the INCOME TAX EXPENSE from the normal operating expenses in the Profit & Loss Statement. for example:
    - Net Profit Before Tax
    - INCOME TAX EXPENSE
    - Net Profit After Tax
    This is the basics of accounting apps.

    125 votes

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    12 comments  ·  Reporting  ·  Admin →
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  18. At present we are able to edit the layout of reports by rearranging, creating formulas, and grouping accounts. It would be INCREDIBLE to be able to customize the following.

    1) Group font (size and boldness only)- right now it defaults to a much larger BOLD font than the underlying accounts. It would be nice to choose these sizes and weights

    2) Customize the Group Total's Location - at present it shows only as an additional labeled row with the corresponding total. It would be a neater presentation to just have the group total show right in line with its main…

    2 votes

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    0 comments  ·  Reporting  ·  Admin →
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    Hi Michael we're grateful for your engagement here, however we ask that each post is contained to a single idea for a feature.

    We've identified that there are existing Xero Product Ideas relating to customising fonts and styles in reporting, and collapsing and expanding account groups. We've gone ahead and added your vote to these ideas, so that we can gather support and gauge interest for these ideas separately.

    We've also adjusted the title of this idea to reflect your suggestion to change the position of group totals in custom layouts. This idea can now gather support through votes and comments from others in the community.

  19. As a workaround for an issue caused by the obsolete Xero payroll service, Xero support suggested that I use the "edit layout" feature to group 2 accounts in the report. However, Trial Balance does not have an "edit layout" button, so I am stuck displaying 2 accounts that have canceling balances. One of the accounts is the system Accounts Payable account so I am not able to resolve the issue "correctly" with a manual journal entry. Editing the report layout is my only option.

    17 votes

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     ·  4 comments  ·  Reporting  ·  Admin →
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  20. For the line items in the Tracking Summary, please include a currency column! Historically this was available. Calculating commission now takes WAY longer. Seems like it should be an easy fix.

    2 votes

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