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  1. Invoice - Prompt Payment / Settlement Discount

    264 votes

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    submitted  ·  83 comments  ·  For small businesses » Business features  ·  Admin →
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    Cj E supported this idea  · 
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    Cj E commented  · 

    This could also be helpful when you run a tax report based on invoices with cash discount upon payment.
    I.e. if you post the cash discount as a payment and don't manually adjust the report you'll pay tax on the gross amount.

  2. Xero: Support for SAF-T and SIE files

    21 votes

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    submitted  ·  9 comments  ·  For small businesses » Accounting features  ·  Admin →
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    Cj E commented  · 

    In Europe there are now several counties were there are mandatory to send tax data in SAF-T format to the tax authorities.

    We've solved this temporarily with an external accountant who convert our numbers and send it in correct format. But the conversion have to be done manually and cost extra, so we really hope Xero understand the importance of this feature in Europe (and maybe rest of the world).

    Cj E shared this idea  · 

  3. Multicurrency - Support for new currencies & Bitcoin

    107 votes

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    42 comments  ·  For small businesses » Settings & user roles  ·  Admin →
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    submitted  ·  AdminMark Blundell (Admin, Xero) responded

    Hello I am the product manager for the group within Xero which looks after the currency capability.

    I follow the digital currency space closely, I find it incredibly interesting both sociologically as well as technically. However as a product manager my role is to ensure that my engineering group works on the things that create the most value, for the most people, and in alignment with the company's long term goals and aspirations.

    Digital currencies continue to have an extremely passionate, but also extremely small group of users who want to see them handled in Xero. The cost remains very high for us to deliver this feature, and does not make a difference to enough peoples lives to justify that investment. There are a lot more touchpoints than many people appreciate to implement crypto properly. Huge decimal precision, UX, currency rate feeds, revaluation logic, reporting - all need changes to…

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    Cj E commented  · 

    Adding few of the the largest currencies should be easy, and an important, first step for companies which already are using a web3 wallet. That will solve the main problem.

    CBDC is also integrated at a record speed throughout the world so you have to act accordingly.
    https://www.bis.org/publ/bppdf/bispap136.pdf

    Cj E supported this idea  ·