Settings and activity
11 results found
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143 votes
Hi everyone, we appreciate the attention this idea has been getting. It's really good to hear how we can continue to improve the Homepage for our differing customers needs. We understand not all the widgets maybe useful to every user, and the 'Customise' button will let you add or remove widgets to reduce what you see on the Homepage.
Taking on board feedback we're looking at the sizing of widgets and you'll find the 'Chart of Accounts' and 'Cash in and out' widgets are now smaller by default with an option to 'Make larger' - You can follow further updates for this on the idea here.
We have plans to dig deeper into possible 'view' options (like the different levels of views being asked here) in the new year and I'll share further updates here when this gets picked up. 🙂
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181 votes
Hi team, we want to acknowledge your feedback and the needs you’ve expressed for being able to view the transaction line description in the account transactions report.
While we appreciate not the news you’re hoping for here - we want to be honest with you all that there are no plans at this stage to change the behaviour of this report.
We appreciate there can be some confusion of what is shown as it does differ based on the account and the line’s origin. We have added detail within our Xero Central article, but I’ve also noted below for ease of reference.
- For accounts receivable, accounts payable, bank accounts, and tax account, it shows the contact’s name.
- For all other accounts, it shows the contact’s name and the item line description.
- As manual journals don’t have contacts, it shows narration and description.
- For wage payments, Payroll Employee displays in…
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Frank Burnham
commented
Kelly, with sincere respect, I don't think you understand what we are asking. We want to run a report for expenses or assets or liabilities, or revenue, not the bank account, and see the specific description field that displays the description of the nature of the transaction. Virtually every general ledger system on the planet does this except Xero and I don't understand the blow back on this issue. We shouldn't have to justify why this is important to accountants but here it is:
Clients who record their own transactions are a disaster and the constantly miss-categorize transactions to improper accounts. If we can see the transaction language they used to explain what the transaction was, we can quickly determine whether there is an accounting error or not. There is more to accounting than the transaction date, vendor, and amount. Description satisfies the 'why' the transaction was incurred for business purposes.
For example, if a client processes a transaction with a transaction description as "dog food for Fido" and they record this to the Manufacturing Equipment account, we can very quickly determine that this an accounting error. However, Xero doesn't allow for the Manufacturing Equipment or whatever account transactions report to display the transaction description column. Instead, we have to drill down to the transaction a few click to see this.
This may seem trivial to a systems developer, but this basic reporting insight helps accountants perform a very traditional procedure called 'scanning', which is a traditional and valid auditing technique used in financial statement audits, tax preparation, and general bookkeeping services. When you see a couple hundred transaction that might be significant but you can't see the client's description, it is a colossal waste of time to click on each item, especially if you are hunting for transactions to reconcile a particular significant account balance.
Thank you for your understanding.
Frank Burnham
supported this idea
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An error occurred while saving the comment Frank Burnham
commented
Account Transactions Report Description Cash Basis - please use the same transaction description text for cash basis reporting as it is displayed for accrual basis reporting. Currently cash basis description text is limited to "Payment: [Vendor Name]" which is utterly useless in performing analytical procedures of scanning to see the general business purpose for a cash basis report. This is a very common practice by CPAs to quickly gain an understanding of the nature of transactions in a given account for tax compliance reasons.
Currently users must drill down in each suspect transaction to the originating bill to see the actual description text entered by a client.
QuickBooks uses the same description text regardless of the basis of accounting for reporting purposes for this very reason. Just sayin....
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8 votes
An error occurred while saving the comment Frank Burnham
commented
I have clients that perform their own bank reconciliation procedures. I believe these users need to have the user rights to publish that bank reconciliation report to archive it in Xero. More flexibility should be given to standard users ability to publish reports instead of the all or nothing approach.
As it stands now I have to give them Advisor level user status in order to perform this very basic internal control procedure clients really need to be involved in. Xero user rights are over-simplfied in this area of concern.
Frank Burnham
shared this idea
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7 votes
An error occurred while saving the comment Frank Burnham
commented
I would REALLY like the ability to edit the name of a previously published report. Currently users can not do that.
My clients frequently publish reports using all sorts of goofy meaningless or confusing names. It takes time to drill into each one to see what the report is and whether it contains the relevant information I am looking for. Clients are frequently frantic and disorganized when it comes to accounting information. Since there are VERY limited document management tools available for published reports, being able to rename them in a consistent manner would be SUPER helpful in sorting and finding relevant reports.
Frank Burnham
supported this idea
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7 votesFrank Burnham
shared this idea
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1 voteFrank Burnham
shared this idea
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36 votesFrank Burnham
supported this idea
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267 votes
Hey everyone, thanks for engaging with this idea about being able to attach PDF bank or credit card statements directly to reconciliation reports in Xero. We know this can help simplify the cross-check process.
Right now there is the ability to upload statements into the Files inbox where you could create a dedicated folder for these type of files. However we understand the limitation in that this doesn't link them to report as you'd like here.
Our product team are looking into possible ways to attach files within the banking space and how we might fit it into the reconciliation workflow. It’s early days, and we’ll share an update when there's more news.
Frank Burnham
supported this idea
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785 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.
Frank Burnham
supported this idea
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52 votesFrank Burnham
supported this idea
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Frank Burnham
shared this idea
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9 votes
Thanks for the detail in your idea here, Paul. I had a bit of a test of this myself and have checked in with our reporting team.
It doesn't quite appear in the modal once the report's run - this is something that we'll look to improve.
However, it's possible to enter multiple terms which will each be searched and return results for (like OR as an operator) - All you need to do is enter a comma(,) and space between each condition.
For example A0, L0 or A0, A1, A2, 🙂
Frank Burnham
supported this idea
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I like the transition towards dashboard presentation. However I wonder how useful it will be to smaller SMBs that don't keep up with their accounting on a regular basis. Of course that's a point of contact for marketing more CAS and advisory services using tools like Syft, but still they are perpetually late on transaction documentation for me, their CPA, to complete CAS services timely. I look forward to the other versions of the dashboard. I suggest some basic KPIs like AP and AR turnover or days outstanding to help them, even the laggards, see that time is indeed money. Otherwise I whole heartedly embrace this bold move.