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  1. Invoices - Ability to recognise future revenue

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    63 comments  ·  For small businesses » Business features  ·  Admin →
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    Not in pipeline  ·  AdminKelly Munro (Community Manager, Xero) responded

    Hi all, appreciate the interest and rationale in wanting to be able to recognise revenue of a sale at a date different to that of the invoice or payment date.

    While this maybe a function we look to explore in the long-term we want to be upfront that this is not something we'll be developing in the near term. In the meantime it may be best to look into connected apps that can solve for revenue recognition. We'll be sure to let you know if there's any change around this, here.

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    Ayanda Mngoma commented  · 

    Need, need, need this! We're a wedding DJ company and clients are booking a year in advance and paying a 50% retainer upfront. We need to be able to display the full invoice, capture the retainer as current revenue, and have the remainder recognized as "deferred revenue" until the date they pay that balance.