Settings and activity
12 results found
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46 votes
Hi 👋 - Is there a specific purpose this report would help with?
Also to better understand the idea would this be on a client basis or across all clients that are managed by a practice?
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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45 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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819 votes
Hi community, thanks again for all the support and very honest feedback you’ve shared on this idea over the years.
We appreciate the manual steps to apply credits are time consuming, especially if you’re managing large volumes of these on a regular basis.
We'd like to share that we've now developed functionality that allows Xero to suggest relevant unpaid credit notes as matches when you’re reconciling. We’ll be releasing this feature slowly to all users over the coming weeks.
You’ll also be able to find and select Credit notes using Find & Match - Just make sure you tick "Show Received Items" (for spent statement lines) or "Show Spent Items" (for received statement lines) so the credit note appears in the list.
When you select a Credit note to Reconcile, Xero will create a cash refund against the credit note (rather than allocating the credit to a specific invoice automatically),…
Marika Muizniece
supported this idea
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735 votes
Thanks to everyone that’s shared interest in being able to write-off invoices or bills as a bad debt. We understand how a direct feature would enhance your use of Xero and flows when trading.
As shared in our last update, while not a one-click solution we appreciate the needs expressed for being able to record bad debts right now, and have a Xero Central article that provides a way of currently accommodating this in Xero today.
There are also other options that have been shared by members in this conversation that some may want to explore.
We want to be open that specific bad debts functionality isn’t planned for invoices or bills at this time, but we understand the needs here and it’ll continue to remain high on our team’s radar when reviewing and prioritising their roadmap.
With differing product teams and needs for this functionality within invoices and bills…
Marika Muizniece
supported this idea
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134 votesMarika Muizniece
supported this idea
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152 votesMarika Muizniece
supported this idea
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347 votes
Hi everyone, thanks so much for sharing your comments and support for this idea. We really get why you'd like a central report, so you can check each customer's payment history just to see who's paying late.
Currently as mentioned in the discussion here, you can see a customer's average days to pay on their individual contact record, but we know this isn't the same as having a single report for all your customers.
While we can see there's a lot of interest in this, it's not on our current roadmap for development. Community members will still be able to vote - So we'll continue to keep a close eye here and will let you know if anything changes.
Marika Muizniece
supported this idea
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407 votes
Hey team, thanks for all your input on partial asset disposal.
We understand that manually managing parts of an asset can be time-consuming. While we don't have plans at this time to develop a built-in feature, your feedback's really helpful in showing us where things could improve.
For now, manual methods to calculate depreciation and record journal entries to keep things accurate would be the best option.
However, this is a feature that we'd like to revisit as we plan our future roadmaps, and will be happy to share if there is any traction around this. Please keep sharing this idea with any colleagues you feel could benefit from this too.
Marika Muizniece
supported this idea
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270 votes
Hey everyone, thanks for engaging with this idea about being able to attach PDF bank or credit card statements directly to reconciliation reports in Xero. We know this can help simplify the cross-check process.
Right now there is the ability to upload statements into the Files inbox where you could create a dedicated folder for these type of files. However we understand the limitation in that this doesn't link them to report as you'd like here.
Our product team are looking into possible ways to attach files within the banking space and how we might fit it into the reconciliation workflow. It’s early days, and we’ll share an update when there's more news.
Marika Muizniece
supported this idea
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389 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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106 votes
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.
An error occurred while saving the comment Marika Muizniece
commented
Adding prepayment functionality (similar to depreciation or Scheduled journals) into Invoices and Bills would save so much time at the month end - when enterinf bill or invoice, it would be great if you could define expense dates from / to and xero would split the costs automatically over this period. Balancing entry would then go to Prepayments or Advance / Deferred income accounts. In ideal situation, there should also be report that shows prepayments / deferred income schedule with items line by line and total costs / income to be recorded each month.
Marika Muizniece
supported this idea
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251 votes
Hi community, we understand there are differing needs in this idea for why you’d like a separate posting date alongside the invoice or bill date. Whether it’s for reporting, compliance, or just a more accurate view of when things happened.
While this has been carefully considered, we want to be transparent with everyone here, that this is not something we have plans for developing in the near term.
We know given the interest in this that this is not the update you’re hoping for, and please know that we’ll continue to track votes this idea receives for future consideration. We’ll keep you posted if things change down the line.
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
supported this idea
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Required for audit purposes and consolidation (where average rate over period of time is required).