Chart of accounts
The chart of accounts should be a “live” trial balance- always showing the the balance as of today.
It should also have a date filter so you can quickly change the date of the balances shown.
This is how it works in Business Central. Much cleaner and quicker than the ten clicks to go to reports, find the right report, adjust all the filters… etc.
1
vote
Paul Asaro
shared this idea
You can already see this in Xero Paul! When you go to the Chart of Accounts it shows up-to-date balances as of today because Xero calculates each balance from all recorded transactions up to the current date; revenue and expense accounts show current financial-year totals, while asset, liability and equity accounts show today’s balance.We have a bit if help around this in Xero Central😊
