Settings and activity
4 results found
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26 votes
An error occurred while saving the comment 
GA Interiors Ltd | Accounts
supported this idea
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14 votes
An error occurred while saving the comment GA Interiors Ltd | Accounts
commented
Xero really needs to develop these reports asap. Other software packages already are able to generate a dividend voucher and board minutes for the dividend when a dividend is recorded in their software, be it a journal or a payment from the bank.
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189 votes
An error occurred while saving the comment GA Interiors Ltd | Accounts
commented
This request was submitted on 28.02.2022 and now we are on 07.05.2024 and this feature it is still now available. This information is vital for businesses.
GA Interiors Ltd | Accounts
supported this idea
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47 votes
Hi community, in lieu of having a direct feature for this I wanted to highlight the option shared earlier on in this thread (Thanks Peter!) for those it may help.
As mentioned, currently you could enter a separate line on the invoice, with a negative amount for the retention value, and code this to a 'customer retentions' account in the Balance Sheet. You could also add a comment in the Description field, indicating the cumulative retention value.
The Account Transactions Report can then be used to manage the values being carried forward.
Being open, this isn't something we have planned for development at this time, however we'll continue to gather the interest here, and if there's any changes we'll let you know.
An error occurred while saving the comment GA Interiors Ltd | Accounts
commented
Hi, we have the same problem as all companies within the construction sector that use Xero. Some projects can run for over 2 years or even longer and every month we suffer retention money on sales invoices which we record under the Retention Held account, but... the main problem is that Xero can't calculate the lump sum amount for retention held under the specific project (if we have more jobs from one main contractor-client) for the whole period which would be due 12 months after practical job completion only, so we need to calculate every invoice manually for every job separately. Also, it could flag/notify that retention is due soon. Plus it's not taxed correctly if the job is continued for a few years. It's a critical overseen by the Xero team.
GA Interiors Ltd | Accounts
supported this idea
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CIS Statement Audit & Delivery History Report
I would like to propose an enhancement to improve auditability and compliance tracking within CIS functionality.
Objective
Enable users to access a comprehensive historical log of all CIS statements issued to subcontractors.
Proposed Functionality
A dedicated CIS Statement History / Audit Report that provides:
Subcontractor Name
Clear identification of which subcontractors received CIS statements.
Statement Issue Date
The date each CIS statement was generated and/or sent.
Delivery Method & Status
Email sent (with timestamp)
Viewed / opened (if tracked)
Failed / bounced
Downloaded manually
Re-sent history (if applicable)
Submission & Compliance Status
Confirmation that the related CIS return was successfully filed with HMRC (where applicable).
Any associated filing reference or submission ID.
Export Capability
Ability to export the full history to CSV or Excel for compliance audits.
Business Rationale
For UK contractors operating under CIS, maintaining a full audit trail is critical for:
HMRC compliance
Internal audit requirements
Resolving subcontractor disputes
Demonstrating proof of delivery
Year-end reconciliation
Currently, there appears to be no centralised report that consolidates this information in one place.
Suggested Placement
This could sit under:
Reports → CIS
or
A new “CIS Statement History” tab within the CIS section.
This enhancement would significantly improve transparency, audit readiness, and operational efficiency for contractors using Xero for CIS management.
Thank you for considering this improvement.