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1. Reporting - Budgets by tracking category to integrate with master overall budget

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

   Thanks for your passion and the detailed feedback on this idea, community. We can see how much time is spent manually consolidating tracking category budgets, and why having this roll-up automatically would make a big difference.

   As noted by others in the thread, one option for now is to use a third-party app from the Xero App Store. Some in the community have mentioned tools like Spotlight Reporting or Budget Consolidator are great for this, and it’s a good way to get the insights you’re after.

   While we understand the value this feature would add, it isn't on our immediate roadmap to build right now. We know that's not the news you're hoping for, but we want to be transparent about what's in our current focus - You can get a view of some of the changes coming in the next quarter through our website, The Long and Short of it.

   We’ll be sure to post an update here if our position for this idea changes.

   Thanks for your passion and the detailed feedback on this idea, community. We can see how much time is spent manually consolidating tracking category budgets, and why having this roll-up automatically would make a big difference.

   As noted by others in the thread, one option for now is to use a third-party app from the Xero App Store. Some in the community have mentioned tools like Spotlight Reporting or Budget Consolidator are great for this, and it’s a good way to get the insights you’re after.

   While we understand the value this feature would add, it isn't on our immediate roadmap to build right now. We know that's not the news you're hoping for, but we want to be transparent about what's in our current focus - You can get a view of some of the changes coming in the next quarter through our website, The Long and Short of… more

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   Louis Francis commented  ·  07 January, 2023  ·  Edit…  ·  delete…

   I've recently transitioned from QuickBooks to Xero when changing accountants and I can't believe that Xero hasn't built-out this vital functionality - QuickBooks is far superior in this respect.

   And then to see that this was first reported in Jan 2013 (10 years ago!) and still hasn't been under review, let alone built is shocking.

   As others have noted before me, this functionality unlocks the full potential of having budgets per category, which essentially form sub-budgets that could feed into the master budget which combines all (or a specific set of) budgets across your chosen categories.

   This also alleviates the need for double-keying changes on a specific budget for a given category, and then having to manually make the same change
   on your master budgets(s) - which also presents increased risk of fat finger errors.

   On a related, there should also be a default report template that allows you to compare monthly budget variance across a 12-month period i.e. a calendar year. As far as I can tell, there is no default template for this and so you have to build this out manually. Again, more manual work and another area where QuickBooks is superior...

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   Louis Francis supported this idea  ·  07 January, 2023