Settings and activity
6 results found
-
2 votes
Hi Kirstie
Thanks for sharing this idea about setting future prices for inventory items.
It's now up to the community to get behind and support your idea. Other members can now add their votes and comments about how this could also benefit them.
In the meantime, you'd need to edit the price at the relevant date, either manually or by exporting and importing your items if you need to update lots of prices at the same time.
Bethany McLennan
supported this idea
·
-
3 votes
Thanks for your feedback, Sue. Not something we have immediate changes for but we'll begin to get a sense of the interest from your idea here.
Bethany McLennan
supported this idea
·
-
5 votesBethany McLennan
supported this idea
·
-
6 votes
Hi, thanks for sharing this idea about setting the opening stock for a tracked item at the same time you add it.
Now it's up to the community to get behind and support your idea with their votes and comments about how this would help them, too.
As for how this is currently done, as well as setting the item's starting Quantity on Hand, there needs to be an accounting record for where the existing Value comes from.
The current process is to add the item(s) as Tracked and then either:
- Importing the opening balances for your tracked items. *This option is only for when you first start using Tracked Inventory in your organisation*.
- Entering an approving a Supplier Bill to record the first purchase of the item.
- Entering an Adjustment (Increase Quantity-type) to move the value from another account (the adjustment account) to the Inventory Asset Account.
Bethany McLennan
supported this idea
·
-
75 votes
An error occurred while saving the comment Bethany McLennan
supported this idea
·
-
70 votes
Hi team, appreciate your interest of this idea. While we don't have direct development for this planned right now we wanted to share a workaround that may help you here.
When adding the billable expenses to an invoice, you can override the unit price. Using Xero's inbuilt calculator, you include margin/mark-up by multiplying the unit price by the percentage you wish to mark up.
We understand this doesn't cover all situations of needs expressed. We will continue to monitor this idea and share if there's any progress.
An error occurred while saving the comment Bethany McLennan
commented
It is amazing that this is not a feature yet. Every product in our system has the sell price listed. Why bother with this when the billable expense pulls through at our buy price? We are never going to charge it out at cost.
Even when you then overwrite the price and account, it then doesnt properly clear the billable expense from the client.This is so critical to our work - we source items from a multitude of suppliers and install everything on one site for one client, so we are constantly needing to triple check we havent missed charging for anything. PLEASE Xero consider adding this functionality.
An error occurred while saving the comment Bethany McLennan
commented
This is a hugely needed feature, especially in construction based industries where you buy specific parts for specific jobs all the time. Why do billable expenses not have the option to add at your set sale price?
Bethany McLennan
supported this idea
·
This is critical to our business. Our clients do not need to see a breakdown of every item used on every job, but we need to be able to track what products have been used where. I want to create an invoice using product codes that can then be grouped into a few combined line items on the client's version.