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27 results found

  1. XPM - Lock timesheets when a draft final invoice has been prepared.

    39 votes

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    submitted  ·  0 comments  ·  For accountants & bookkeepers » Xero Practice Manager  ·  Admin →
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    Andrew George supported this idea  · 

  2. Workpapers - Ability to use Custom Excel Templates

    150 votes

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    2 comments  ·  For accountants & bookkeepers » Workpapers  ·  Admin →
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    Andrew George supported this idea  · 

  3. Financial Accounts - Switch rules effect notes

    31 votes

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    submitted  ·  5 comments  ·  For small businesses » Accounting features  ·  Admin →
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    Andrew George supported this idea  · 

  4. Xero Tax (UK) | Prevent the auto-reversal of negative balances so we can offset debtors and creditors where necessary

    50 votes

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    8 comments  ·  For accountants & bookkeepers » Xero Tax  ·  Admin →
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    under review  ·  AdminHannah G (Admin, Xero) responded

    Appreciate your input here, everyone. Our team is aware of the challenges our partners are facing around the auto-reversal of negative balance. It’s on their roadmap to investigate and provide a better user experience.

    For the time being, I’ll move this idea into ‘Under review’ status. And when there's movement, we'll make sure to come back here and let you all know.

    Andrew George supported this idea  · 

  5. VAT late claims report

    45 votes

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    8 comments  ·  For small businesses » Accounting features  ·  Admin →
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    submitted  ·  AdminKelly Munro (Community Manager, Xero) responded

    Thanks for sharing and supporting here, everyone.

    For those that aren't already across, though manual at present you could run the Account Transactions report to manually reconcile against your filed VAT returns.

    We appreciate the process could be more automated. Though this isn't something we have immediate change planned around atm, we'll update you here if there's any news.

    Andrew George supported this idea  · 

  6. VAT - Automatically calculate VAT using the Marginal Scheme

    52 votes

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    19 comments  ·  For small businesses » Accounting features  ·  Admin →
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    submitted  ·  AdminHannah G (Admin, Xero) responded

    Hi everyone, thanks for your interest in this idea.

    For now, I wanted to share that we're aware some users have the following process to record their transactions. The example uses a vehicle with a purchase price of £1500, and a sale price of £2000.

    1. Record the purchase of the vehicle on a purchase Bill for the full purchase price of £1500 with a tax rate of VAT Exempt. So the purchase is recorded in box 7 on the VAT return.
    2. Record the sale of the vehicle on an Invoice for the full £2000 - using the Tax Exclusive option, and then manually changing the VAT calculated to the required amount - £83.33 (i.e. 20% on the profit of £416.87 or 1/6 of £500) by clicking the small plus box above the Tax Rate.

    This will mean that you only charge £83.33 VAT for the overall profit figure, and ensuring the correct amounts are reflected in boxes 1, 3, 5 and 6.

    You could…

    Andrew George supported this idea  · 

  7. Xero Expenses - VAT on mileage claims through expenses

    79 votes

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    submitted  ·  13 comments  ·  For small businesses » Accounting features  ·  Admin →
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    Andrew George supported this idea  · 
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