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4 results found

  1. Manual Journal - Ability to set default for 'Show journal on cash basis reports'

    195 votes
    submitted  ·  62 comments  ·  For small businesses » Accounting features  ·  Admin →
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    Jason Goodridge commented  · 

    I would suggest only a small fraction of journals would need to be on a cash basis, why does it default to being cash? Whenever I find errors in reporting it's because someone has forgotten to uncheck this and we have to go searching through journals and untick the option - very frustrating! Xero - please fix this!!

    Jason Goodridge supported this idea  · 

  2. Invoices/Bills - Feature to 'write off' as bad debt

    682 votes
    14 comments  ·  For small businesses » Accounting features  ·  Admin →
    How important is this to you?
    submitted  ·  AdminEthan M (Admin, Xero) responded

    Hi community, we appreciate this idea has collected a fair amount of votes and commentary. This has all been feedback and taken seriously by our product teams.

    Currently, there are ways to record a bad debt in Xero, depending on your tax registration status and how you want the transactions to be recorded in your reports - We have help for this on Xero Central you can draw into.

    We don’t have any plans in the near term to expand functionality to develop a button to write off invoices or bills as 'bad debt'. If anything changes in this space, we’ll update you on this idea!

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    Jason Goodridge commented  · 

    Ways I've written off bad debts:
    1. Create an expense account called "Bad Debts Written Off" and mark it as being able to receive payments. "Pay" the invoice to the bad debt expense account; or
    2. Void the invoice (with or without a note); or
    3. Add an item into the invoice which links to the bad debt account (from #1) and add a negative amount to zero the invoice out.
    Options 1 and 3 are more "obvious" as you see the words "bad debt" in there somewhere. They have different timing though, as 3 will have the expense timed with the invoice (which may be after BAS is filed, requiring an adjustment later/EOFY) but option 1 can be timed when you actually write off the invoice.
    Option 1 is my "go to" solution here as it reflects the timing properly and is easily identifyable as a cost on the P/L.
    I do agree that a more consistent way of doing this and knowing what the impacts will be would be useful.

  3. Bills - Flag a Bill as 'in dispute / query'

    1,117 votes
    250 comments  ·  For small businesses » Business features  ·  Admin →
    How important is this to you?
    submitted  ·  AdminKelly Munro (Community Manager, Xero) responded

    We appreciate wanting to see more rapid movement, everyone. Having done a lot of exploration into this area our team have a good handle on the needs to solve this, however we want to be honest that development will be some time away with the team currently focused on improving bills list views and updating add/edit bill pages. For the time being to keep you up to date we're going to move this idea back to Submitted until more active work takes place for this.

    I can assure you this idea is the best place to be leaving feedback for this feature, and Xero Product Ideas as a whole is the best place to be sharing where you'd like to see change across Xero products. As a community team we're advocating on your behalf constantly to see where ideas can be worked on, and this site is where our product…

    Jason Goodridge supported this idea  · 

  4. Manual Journals - Assign Contact name to journal

    202 votes
    submitted  ·  89 comments  ·  For small businesses » Business features  ·  Admin →
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    Jason Goodridge supported this idea  ·