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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.

    Aprilyn Sotto supported this idea  · 
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    Aprilyn Sotto commented  · 

    Prepayment function should also be available on Xero where at the time of creating purchase invoice, a prepayment tickbox can be selected and user will be prompted to enter the prepayment period. Xero shall automatically reverse the expense on the period where the client paid in advance and amortize the expense over the period selected. This will avoid omission of necesary prepayment entries at monthend.