Settings and activity

1 result found

1. Business Activity Statement - To automatically calculate Fuel Tax Credits

   58 votes

   vote vote vote

   We're glad you're here

   Please sign in to leave feedback

   Signed in as (Sign out)

   Close

   Close

   vote

   We’ll send you updates on this idea

   22 comments  ·  For small businesses » Contacts & communication  ·  delete…  ·  Admin →
   How important is this to you?

   Not at all You must login first! Important You must login first! Critical You must login first!

   We're glad you're here

   Please sign in to leave feedback

   Signed in as (Sign out)

   Close

   Close

   Submit Rating
   submitted  ·  AdminKelly Munro (Community Manager, Xero) responded

   Hi community, we appreciate the interest this idea has received. Sorry we haven't engaged with you on this idea sooner.

   We understand being able to efficiently track and calculate fuel tax credits is important to you all who've supported this, however we want to be transparent that this isn't a feature we're looking to develop in the near future.

   If you haven't already found a means to track this I wanted to share a method that could help. In Xero you could create untracked Inventory Items for each fuel type. When you enter purchases for fuel, you'd select the appropriate item, entering the number of litres into the Qty field, and the price per litre into the Unit Price field.

   You could then use the Inventory Summary report to view the quantity of the fuel purchased during a date range.

   If there are any changes around this we'll share with you all, here.

   Hi community, we appreciate the interest this idea has received. Sorry we haven't engaged with you on this idea sooner.

   We understand being able to efficiently track and calculate fuel tax credits is important to you all who've supported this, however we want to be transparent that this isn't a feature we're looking to develop in the near future.

   If you haven't already found a means to track this I wanted to share a method that could help. In Xero you could create untracked Inventory Items for each fuel type. When you enter purchases for fuel, you'd select the appropriate item, entering the number of litres into the Qty field, and the price per litre into the Unit Price field.

   You could then use the Inventory Summary report to view the quantity of the fuel purchased during a date range.

   If there are any changes around this we'll share with you… more

   An error occurred while saving the comment
   George Joseph commented  ·  25 May, 2022  ·  Edit…  ·  delete…

   Enter the fuel quantity next to the expense, select on road, off road, diesel, petrol etc,...

   That should automatically calculate the FTC

   Save Submitting...