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  1. Profit and Loss - Option to show opening and closing stock

    25 votes

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    submitted  ·  4 comments  ·  For small businesses » Business features  ·  Admin →
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    Stephan de Bruyn shared this idea  · 

  2. Reporting - Calculate COGS for Untracked Inventory items: Opening Stock + Purchases - Closing Stock

    14 votes

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    3 comments  ·  For small businesses » Accounting features  ·  Admin →
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    Not in pipeline  ·  AdminKelly Munro (Community Manager, Xero) responded

    Hi community, in the way untracked inventory in Xero works it isn't possible to automatically calculate cost of goods sold for a period in your reports. 

    There is a way to go about this yourself through entering Manual Journals to account for the Cost of Goods sold, and adjusting the value of inventory on your Balance Sheet. 

    You'll want to enter your Conversion Balances into an account that has a Current Asset type rather than an inventory type (Inventory type is reserved for use with tracked inventory in Xero and can't be coded to on manual journals).
    To avoid potential taxation and reporting issues - We highly recommend contacting your accountant to check whether this is suitable for your business, or if you need additional clarification on what journals to enter. 

    Stephan de Bruyn supported this idea  · 

  3. Reporting - Add a Budget column to the Cash Summary

    27 votes

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    submitted  ·  2 comments  ·  For small businesses » Accounting features  ·  Admin →
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    Stephan de Bruyn supported this idea  ·