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  1. Invoices - Ability to recognise future revenue

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    63 comments  ·  For small businesses » Business features  ·  Admin →
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    Not in pipeline  ·  AdminKelly Munro (Community Manager, Xero) responded

    Hi all, appreciate the interest and rationale in wanting to be able to recognise revenue of a sale at a date different to that of the invoice or payment date.

    While this maybe a function we look to explore in the long-term we want to be upfront that this is not something we'll be developing in the near term. In the meantime it may be best to look into connected apps that can solve for revenue recognition. We'll be sure to let you know if there's any change around this, here.

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    Sam Holmes commented  · 

    Manually moving expenses to P&l from prepayment assets for bills for services that span financial years is a pain. Why not allow me to allocate an invoice to a time span when it arrives, then get Xero to automatically release it from prepayments to the P&l without any further intervention from the user.

    Could do the same thing on invoices I raise for eg. A subscription for the year ahead. Automatically release revenue to the P&l month by month based on date span information contained in the invoice.

    Sam Holmes supported this idea  ·