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103 votes
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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23 votes
Rhett Molitor
supported this idea
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An error occurred while saving the comment Rhett Molitor
commented
+1 this idea. We use Payrix for our recurring charges which integrates with Xero. The email from Xero says no action is required and all of that but then there's this big PAY NOW button that just confuses customers.
Having an option to remove the button for the invoice theme would be great.
We have another theme where the customer can pay manually so the button is needed in that use case.
Revenue Recognition and amortizing Prepaid Expenses is pretty much the same type of calculation that Xero is already able to do in the Fixed Assets module for Depreciation. A module is a much better option than for us to book repeating MJEs out for 12 months or tracking on a worksheet outside of the system.
Seems like low hanging fruit to build and make almost all accountants : )
That would save us a lot more time than whatever enhancements were made on invoicing and reporting over these past years.