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121 votes
Hi team, we have an exciting opportunity for a few customers to come meet some of our Xero team who are working hard to improve payroll for you
You'd get a chance to tell us your honest experience with using Xero for payroll, as well as get a tour of the Xero London office!
If this sounds like something you'd be interested in and are available on Monday Sept 30, 1:45 - 3:15pm and could come into our Xero London office, share your details in our form here.
We have a limited number of spots, so sign up as soon as you can.
Helen Christopher
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60 votes
Hi everyone, thanks for your interest in this idea.
For now, I wanted to share that we're aware some users have the following process to record their transactions. The example uses a vehicle with a purchase price of £1500, and a sale price of £2000.
- Record the purchase of the vehicle on a purchase Bill for the full purchase price of £1500 with a tax rate of VAT Exempt. So the purchase is recorded in box 7 on the VAT return.
- Record the sale of the vehicle on an Invoice for the full £2000 - using the Tax Exclusive option, and then manually changing the VAT calculated to the required amount - £83.33 (i.e. 20% on the profit of £416.87 or 1/6 of £500) by clicking the small plus box above the Tax Rate.
This will mean that you only charge £83.33 VAT for the overall profit figure, and ensuring the correct amounts are reflected in boxes 1, 3, 5 and 6.
You could…
Helen Christopher
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6 votesHelen Christopher
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252 votesHelen Christopher
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75 votesHelen Christopher
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15 votesHelen Christopher
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21 votesHelen Christopher
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57 votesHelen Christopher
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38 votesHelen Christopher
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167 votesHelen Christopher
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52 votes
Appreciate your input here, everyone. Our team is aware of the challenges our partners are facing around the auto-reversal of negative balance. It’s on their roadmap to investigate and provide a better user experience.
For the time being, I’ll move this idea into ‘Under review’ status. And when there's movement, we'll make sure to come back here and let you all know.Helen Christopher
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231 votes
Thanks for the feedback and great to hear the use you find in repeat templates in Xero.
While there's no way to bulk update templates atm, you may find updating your templates through export & import of invoices more helps quicken things up?
You could export invoices that have been generated from your template to CSV, update the amounts in the exported file, and then re-import.
This will create 'Draft' invoices in your Xero org from which you can create a Repeat template and then delete the draft. 🙂
An error occurred while saving the comment Helen Christopher
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Our client has just gone VAT registered, and needs to add VAT to 150+ repeating invoices - got to break the news to him that he will have to do them all individually.
Helen Christopher
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11 votesHelen Christopher
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45 votesHelen Christopher
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34 votesHelen Christopher
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23 votesHelen Christopher
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22 votesHelen Christopher
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5 votesHelen Christopher
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14 votesHelen Christopher
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90 votes
An error occurred while saving the comment Helen Christopher
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This package is not in line with Quickbooks.
I am trying to get a client to change from Quickbooks to Xero, but he does slightly more than 20 small invoices a month.
He won't change because he pays £14 for Quickbooks and would need the standard package at double the cost in Xero.
This is a common problem, and is easily fixed in other software providers.