912 results found
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Xero Reporting for Philippines ( BIR compliance)
People here in PH are starting to use Xero and I think many more will use it too if you create reports that are required by our Tax Authority such as:
Sales Journal
Purchase Journal
Cash Receipts Journal
Cash Disbursements JournalMost of our clients are asking for this. I really hope you will be able to implement this.
8 votesHi everyone, just wanting to highlight that as Caroline has suggested, it is likely the Account Transactions reports in Xero could be used to create the reports required. However, this depends on what information you require each report to contain.
If anyone is able to reply with more specific details on whether any information is unable to be obtained via the account transaction report this will help our product team better understand what's needed.
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AU Tax: Pay the ATO directly from the Activity Statement page
The ability to pay the ATO automatically from Xero would be a really handy feature. Similar to the automatic super payment, this would be a huge time saver.
12 votes -
GST | Re-registering - Pick start date
Sometimes an entity will de-register for GST because they are no longer required to file, then circumstances change and they re-register. Currently in Xero when you re-register Xero creates all the prior period GST returns for when the client was deregistered. You then have to manually delete all the prior draft returns.
Would be great if you could have an option to choose the new start date for GST.
thanks!
8 votes -
Hybrid or Modified Cash Basis Reporting
Most of our clients (and I imagine many small businesses in the U.S.) use a hybrid reporting basis. Basically, short term assets and liabilities are recorded using the cash basis while long term assets and liabilities are recorded using the accrual basis.
Therefore, for example, this will result in sales being recorded when cash received but depreciation and amortization expense are recorded monthly. This method of reporting also results in the accounting basis being more similar to tax basis.Xero actually has a webpage describing this (https://www.xero.com/us/guides/cash-vs-accrual-accounting) but states "And if you run a hybrid accounting system, smart…
8 votes -
VAT Return - Submit for OSS (One Stop Shop) in Xero
Ability to make users submit their OSS returns through Xero.
Purpose: To save time rather than having to submit the returns through the member's states revenue agency.
14 votesHi everyone, we appreciate you sharing this idea and explaining how valuable it would be to submit OSS returns directly from Xero.
Currently OSS and IOSS returns are separate from the UK VAT return and must be filed directly with HMRC. HMRC doesn’t currently provide a public API that third-party software such as Xero can use to submit these returns, so filing them directly through Xero isn’t possible at this time.
Based on this we don't have any plans for this feature in the short term, should HMRC change their processes we may revise this in the future.
In the meantime, our Xero Central guidance on non-standard UK tax rates explains how to record and identify OSS and IOSS transactions in Xero and prepare the information needed to file your return outside Xero. Thanks
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Reporting: Statement of Cash flow - Indirect Method Report to be made available as standard report
Having an Indirect Method report to be available as a standard report.
Purpose: Using this report is easier for users’ who don't have feeds activated in their Xero org.
142 votes -
Reporting: Account Transactions Report - Add annual budget field
Ability to add annual budget as one of the fields in the Account Transaction report.
Purpose: To get a better figure of how much an organisation has spent.
33 votes -
MTD VAT - Ability to review without connecting to HMRC
Enable users to view a MTD VAT return without requiring a connection to HMRC.
Purpose: Often people who do not have the HMRC gateway details/ability to submit the return via MTD VAT need to review it or answer queries about it before the gateway holder submits it
15 votesHi community, we appreciate the interest for being able to view MTD VAT without needing to connect to the HMRC from those that have voted here. However keeping a close eye on this, and not getting a lot of traction over time we will move this idea to Not in pipeline.
Xero currently requires a connection to HMRC to draw the period of the MTD VAT, and we don't have any plans for developing this functionality.
To re highlight the options in Xero:
- a client could export the MTD return and send it through to their advisor for review, or
- advisors can use the Non MTD VAT return to help their client with the review process - This can be run and exported regardless of MTD credentials.
We understand this is not the news you're wanting here but want to be transparent with you all. Thanks
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VAT - Partial Exemption Calculation
Ability to have a VAT partial exemption calculation.
Purpose: Because some industries (e.g. charity) have VAT partial exemption, having this ability would save users time in calculating the VAT.
53 votesThanks for sharing this idea. We recognise that native partial-exemption calculations are a known gap in Xero, particularly for businesses that make both taxable and exempt supplies.
We’re moving this idea to Accepted to reflect that. It isn’t currently on our roadmap, but we’ll continue to track interest and consider it as part of our longer-term planning.
In the meantime, partial-exemption adjustments can be calculated manually and entered on the VAT return.
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Reporting: Aged Payable/Receivable Reports - Add payment dates and details
Adding payment dates and details in the Aged Payable/Receivable report.
Purpose: It is useful to see any outstanding invoices.
67 votes -
Dashboard - View Snapshot of Projects
Ability to add project snapshot in Xero Dashboard.
Purpose: users’ can easily view the snapshot of Project from their Xero dashboard, rather than having to go through pages.
24 votes -
CIS - Allocate expenses to multiple accounts
Ability to allocate expenses to multiple accounts in Xero.
Purpose: To make users easier to assign expenses when it’s related to different account types in Xero.
9 votes -
Report templates - Report fields: Customising adviser reports at a client level
Ability to customise adviser reports at a client level.
Purpose: To make the accountant can easily provide the report that suits their client’s preference.
8 votesThanks for sharing your thoughts on how we can improve Xero for you. While our team are considering improvements to Report Templates, currently there are no direct plans for changing the way Report Template fields are updated. We'll continue to keep an eye on the interest of this here, and share if there's any change to this.
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Reporting - Donation tax receipts
Ability to get a single donation tax receipt for a year.
Purpose: Save time collecting Donation Tax Receipts for reporting
40 votes -
Manual Journal - Ability to set default for 'Show journal on cash basis reports'
Ability to set as default whether the "Show journal on cash basis reports" should be ticked or un-ticked on manual journals
Purpose: Because accountants that does the annual journals for clients who do their own GST we don't usually want these journals to show the late GST claims
285 votesHi everyone, we'd like to provide an update as we’ve recently launched the new Manual Journals experience, in which this idea has now been addressed.
From the Manual Journals list, you can toggle the “Show manual journals on a cash basis” setting on or off. This sets the default for all journals you create in that org, and it can also be changed within individual journals.
Updated 24 Sep - This is currently available in US, AU and NZ only, but we’re planning to roll it out to other regions soon. I’ll keep this thread updated as it lands in more places.
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Reporting - File Attachment Report
Ability to show attached documents in Reporting.
Purpose: To provide clients to see the list of transactions which also show the attachment for each transaction.
300 votesHey everyone, thanks for your feedback on having the ability to run a File Attachment report in Xero.
We know it's a bit of a manual process right now, but to confirm there are currently some places within Xero that'll help provide a view of the files attached to transactions, such as the account transactions page in the bank reconciliation screen, or the list pages like on Invoices or Bills.
Though we really appreciate you highlighting how this feature would be useful to you, we want to be transparent that we don't have any plans for building a report of this nature right now.
Though the idea has been updated to Not in pipeline it will remain open for votes. If there are any changes that change this state we'll make sure to share with you all, here.
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Profit and Loss report - Detailed Profit and Loss to show all transactions
To show all expenses in the profit and loss report.
Purpose: To make it easier for a user to see all the expenses in the report rather than having to individually open each expense
105 votesHi everyone, thanks for sharing how a detailed Profit and Loss report could support your workflow.
Atm, the Account Transactions report can be run grouped and filtered by Account, which could then be exported to Excel for further sorting and analysis. While we appreciate it takes a few steps, it can give you the transaction-level detail you’re after.
Alternatively, clicking on any figure in the Profit and Loss report will take you directly to the corresponding Account Transactions report, showing the individual transactions that make up that total.
Our product team has moved this idea to Not in pipeline, meaning it isn't on the foreseeable roadmap. However, the idea will remain open for votes so we can continue to monitor community interest as we plan for the future.
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Fixed Assets - Dispose multiple assets at once
Ability to dispose of multiple fixed assets at once.
Purpose: To save users’ time, because the current process is users need to dispose assets one by one.
470 votesHey everyone, thanks for all your valuable feedback and support on this idea here.
It's nice to see tips being shared throughout this thread to help others managing multiple assets. The suggestion to group similar items (like office chairs or laptops) into a single asset with a quantity can be an efficient way to handle things. When you need to dispose of some, you can then perform a partial disposal by updating the quantity, which helps save a few steps.
Wanting to share an update for you all, although I appreciate it will not be the news hoped for - Developing the capability to bulk dispose assets isn't on our current roadmap. We will keep an active eye on the support this continue to build here and be sure to let you know if anything changes here.
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Reporting - Layout | Option to choose portrait or landscape
Ability to choose either portrait or landscape for aged payable/receivable report layout.
Purpose: To make the layout look more consistent between these two reports.
167 votesHi everyone, understand the confusion in some of the recent comments here. To explain how this works at present - A report will automatically default to portrait or landscape mode based on the width of the report. The more columns you add, Xero will automatically switch the layout from portrait to landscape mode.
The same report should not change from user to user, if you're finding this it may be worth checking your printer fit settings and if these differ.
We don't have plans for developing an option of whether a report prints in landscape or portrait mode atm, but our teams are across the interest of this, so if there's any change we'll share an update on this with you, here.
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Reporting - Rounding to Thousands
Ability to round numbers in reports to the nearest thousand.
Purpose: To make the figures easily read by the client.
17 votes
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