Settings and activity
12 results found
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33 votes
Hi 👋 - Is there a specific purpose this report would help with?Â
Also to better understand the idea would this be on a client basis or across all clients that are managed by a practice?Â
An error occurred while saving the comment An error occurred while saving the comment 
Marika Muizniece
commented
Currently I can only manually view the rate for each date but it's crucial to have it as report showing daily rates for the period incl. for audit purposes when we need to verify or currency gains and losses for the year. Thanks
Marika Muizniece
supported this idea
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38 votes
An error occurred while saving the comment Marika Muizniece
commented
It would be amazing tool for those doing monthly accounts as 13th period often is used to record audit / late adjustments or for consolidated accounts - this allows to add subsidiary data and consolidation journals. Must have for accountants
Marika Muizniece
supported this idea
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606 votes
Hi community, first off thank you for the continued interest and feedback surrounding this idea. We’re continuing to build on the bank reconciliation experience in Xero and recognise the ways this feature will help improve the efficiency, flexibility and transparency of transactions in your business. Our team have done a lot of exploration into being able to surface and match Credit Notes when reconciling your bank account in Xero, and this is now in development.
We’ll shift the idea here into ‘Working on it’ and continue to update as there’s more detail of this to share.
Marika Muizniece
supported this idea
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659 votes
Hi community, we appreciate this idea has collected a fair amount of votes and commentary. This has all been feedback and taken seriously by our product teams.
Currently, there are ways to record a bad debt in Xero, depending on your tax registration status and how you want the transactions to be recorded in your reports - We have help for this on Xero Central you can draw into.
We don’t have any plans in the near term to expand functionality to develop a button to write off invoices or bills as 'bad debt'. If anything changes in this space, we’ll update you on this idea!
Marika Muizniece
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109 votesMarika Muizniece
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97 votesMarika Muizniece
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283 votesMarika Muizniece
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272 votes
Hi everyone, thanks for sharing your support for part disposal of Fixed Assets in Xero. Â Being transparent - current work for the team requires focus on upgrades to Fixed Asset technology.Â
However, we’re thinking of what comes next and partial disposal of an asset figures strongly in this. Please continue to detail your particular use cases here in Product Ideas.
As we continue forming the future of Fixed Assets in Xero insights from Product Ideas here will feed into the team's plans.Marika Muizniece
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247 votesMarika Muizniece
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674 votes
Thanks for staying connected with us here in product ideas, team. As many will have noticed, our new Fixed Assets experience has been released to most users now. I'm happy to share that development for attaching a file to Fixed Assets in this new experience is moving along. We're hoping to have this delivered to everyone over the coming weeks, and I'll share more detail once it's here in where and how you can atta h a file to an asset 🙂
As this feature is limited to the new experience, if you have an AU business that uses pooling and is still working with the older version of Fixed Assets this feature won't be available until we move you across to the new experience.
Marika Muizniece
supported this idea
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309 votes
Hi community, first off thank you for contributing and detailing why posting manual journals in a foreign currency is of interest to you all.
We appreciate our customers would like to see more capability in accounting for and dealing in foreign currencies across Xero.
In it's current form Manual Journals are a part of Xero that require some upgrade to uplift technology in order to provide capability for ideas like this to be considered. We have intentions of bringing attention to this over the coming year, however getting this done first is necessary before we can even think about adding newer functionality like journaling in another currency to the mix.
To set the expectation here, there is no work planned over 2023 for this feature. We know it's of high interest and when we're in a place to reassess we will share with you here.
An error occurred while saving the comment Marika Muizniece
commented
Because we can't enter Manual journals in other currencies, we now have to recalculate the balancesheet account value manually on a monthly basis and post manual journals to reflect that. Xero can handle invoices & bills as well as bank entries / purchase ledgers in other currencies so this functionality would be great addition and hopefully not the most complex one. Just need to define that FX balances in Balance sheet accounts need revaluing every month whilst P&L entries can remain at spot rate.
Marika Muizniece
supported this idea
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186 votes
Hi community, we appreciate this idea has collected a fair amount of interest which has all been shared with and reviewed by the product team.
While this isn't currently being worked on there are other ideas this team are working on right now, including a bulk void feature and highlighting rows when selected. Although these features are still under development process and we don't have confirmed release dates yet.
With regards to having a separate field for the posting date and invoice date, our team is interested in better understanding this idea as it may be something they look to develop down the track. They really appreciate and encourage you to continue to share your experiences, pain points and insights. This will help them understand how this feature can benefit you and other customers, as well as gauge demand for it.
As always, if there's any change we will…
An error occurred while saving the comment Marika Muizniece
commented
Crucial to have - we currently struggle to lock monthly TBs to keep them as per management accounts reported. E.g. if invoice is received after period has been reported, to post it into following period you have to change the invoice date to fake date that 1) creates mismatch between invoice and Xero record 2) delays VAT recovery when it's applicable. There are other reasons this is critical to have - I'd suggest either separate fields for posting and invoice / document dates or ability to assign it to one of 12 periods (and thus setup number of periods in Xero in the first place)
Marika Muizniece
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Required for audit purposes and consolidation (where average rate over period of time is required).