Settings and activity
4 results found
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5 votes
An error occurred while saving the comment Laura Price supported this idea ·
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14 votes
An error occurred while saving the comment Laura Price commented
It's time consuming having to click into each individual item to see the total. When they were listed on the front page it was easy to check a statement or accounts workings.
Laura Price supported this idea ·
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708 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.
Laura Price supported this idea ·
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62 votes
Hi everyone, we understand why people would want to be able to apply a credit note within a locked period however we wanted to provide more context on the purpose of lock dates and reasons for the way they work at present.
Basically put lock dates prevent users making changes to the accounting records prior to the lock date. Their role is to prevent unintended changes which would alter reporting outcomes be they financial reports, VAT/GST/Sales Tax reports etc. Lock dates ensure financial data is accurate and trustworthy.
When a credit note is allocated to an invoice the allocation date is dated the later of the two documents, the first day where both exist. Credit note allocations require creating journals on both a cash and accrual basis, which is why if both the invoice and the credit note are in a locked period, the allocation can’t be done. Those journals…
Laura Price supported this idea ·
Xero to give a warning if a user posts a draft invoice or submits an invoice for approval with a date in a period that has been locked.