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37 votes
Appreciate how this would be beneficial for your business having assurity in an awaiting approvals likelihood.
With businesses having varying levels of assurity around this I want to be open that we don't have any direct intention fo changing reports like the P&L to automatically include this, however we'll begin to track the level of interest around this, here. Thanks
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Michael Sudfelt
commented
Hi There,
I've come across another issue with this. I need to be making some claims for work we have done during the month, of which I have been checking a custom report against the specific jobs. It has now become apparent that while an invoice is awaiting approval, it does not show in these reports.
Then trying to find the invoices in the awaiting approval section is like trying to find a needle in a haystack as there is no job codes / references in this view (that I can find). I'm very likely missing claiming everything we're entitled to be claiming... Help?
An error occurred while saving the comment Michael Sudfelt
commented
Good Morning - Just checking in on this one again, as again it is proving to provide inaccurate reporting for our business.
@xero - what advice do you have for us on how we can best manage this situation until (hopefully!) you make some upgrades to the program so it accounts for these liabilities correctly.
An error occurred while saving the comment Michael Sudfelt
commented
This really is an important issue in my opinion.
Appreciate that different businesses have different levels of bills that actually end up getting approved, but I would think the very vast majority of businesses P&L would be more accurate if the "awaiting approvals" were accounted for.
We can't rely on the cash flow forecasting, and all of these extra tools are rubbish without having the awaiting approval invoices accounted for correctly as the liability they are.
As simple switch that the user can decide on how they are accounted could / would be an easy solution?
Michael Sudfelt
supported this idea
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Hi @xero - have you put anymore thought into how invoices 'awaiting approval' can be accounted for more appropriately? It rears it's head all the time, our dashboards are never a true reflection, we can use the xero cash flow forecasting effectively and I'm sure there are other areas that it effects.
Wondering if we could perhaps arrange a time with someone from your products team to chat over the challenge and see if there is a better way this can be dealt with?