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5 votes
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Michael Burlingame
supported this idea
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107 votes
An error occurred while saving the comment Michael Burlingame
commented
As a stakeholder operating at the intersection of high-volume data processing and financial compliance in the telecommunications space, I would like to formally request an enhancement to Xero’s decimal precision capabilities—specifically, increasing support from 4 to at least 6 decimal places for monetary and quantity fields.
Carrier agreements and roaming partnerships frequently mandate 6-decimal billing precision per ITU and GSMA frameworks (e.g., TAP, NRTRDE). Furthermore, compliance with IFRS 15, SOX, and regional telecom regulators often necessitates fully auditable, high-fidelity financial records that match partner-side expectations down to the decimal.
Failure to reconcile these differences due to system-imposed rounding limitations often results in:
• Billing disputes and payment delays
• Manual reconciliation overhead
• Exposure to compliance riskIn today’s data-intensive and compliance-driven economy, precision is not optional—it is fundamental. We believe this enhancement will further establish Xero as a platform that scales with the sophistication of global finance operations, including those in technically demanding verticals like telecommunications.
Michael Burlingame
supported this idea
·
As a stakeholder operating at the intersection of high-volume data processing and financial compliance in the telecommunications space, I would like to formally request an enhancement to Xero’s decimal precision capabilities—specifically, increasing support from 4 to at least 6 decimal places for monetary and quantity fields.
Carrier agreements and roaming partnerships frequently mandate 6-decimal billing precision per ITU and GSMA frameworks (e.g., TAP, NRTRDE). Furthermore, compliance with IFRS 15, SOX, and regional telecom regulators often necessitates fully auditable, high-fidelity financial records that match partner-side expectations down to the decimal.
Failure to reconcile these differences due to system-imposed rounding limitations often results in:
• Billing disputes and payment delays
• Manual reconciliation overhead
• Exposure to compliance risk
In today’s data-intensive and compliance-driven economy, precision is not optional—it is fundamental. We believe this enhancement will further establish Xero as a platform that scales with the sophistication of global finance operations, including those in technically demanding verticals like telecommunications.