Settings and activity
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9 votes
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Pamela Narain
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15 votesPamela Narain
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8 votesPamela Narain
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760 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.
Pamela Narain
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104 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 Pamela Narain
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Deferred Revenue Recognition
When a multi-period sale invoice is booked there should be a feature which enables the user to recognize the revenue over multiple periods. Perhaps two additional columns can be added to the invoicing input screen where the user can enter the start and end date of the term to facilitate the calculations. If changes are made to the original invoice then the user should have the option to automatically or bulk adjust the prior prorations.
This feature would be useful to multiple businesses that sell multi-term services and are required by accounting rules to recognize the revenue proportionally over the life of the contract.
This feature can also be used on the Billing side to recognize prepaid expenses over multiple periods.
Pamela Narain
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17 votesPamela Narain
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92 votesPamela Narain
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93 votesPamela Narain
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266 votesPamela Narain
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564 votesPamela Narain
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630 votes
Hi team, wanting to provide an update to you here, we want you to know we understand the efficiency more users would like to have in being able to automate the creation of the Xero subscription invoice inside their Xero org.
To highlight from my last update for UK users this is possible with eInvoicing through the online invoice (My Bills page).
This is still something we're interested in developing in more regions however isn't planned in our roadmap just yet.
When resource opens up for us to be able to pick this work up we will share an update with you all on this here. Thanks for staying engaged and supporting in this idea.
Pamela Narain
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If someone is using a multi-currency Xero account, they should have the ability to print cheques in a currency other than their home currency. Currently this is not possible with a Xero Canadian account. This is extremely inconvenient for users who need to print cheques in a currency other than CAD.