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739 votes
Thanks to everyone that’s shared interest in being able to write-off invoices or bills as a bad debt. We understand how a direct feature would enhance your use of Xero and flows when trading.
As shared in our last update, while not a one-click solution we appreciate the needs expressed for being able to record bad debts right now, and have a Xero Central article that provides a way of currently accommodating this in Xero today.
There are also other options that have been shared by members in this conversation that some may want to explore.
We want to be open that specific bad debts functionality isn’t planned for invoices or bills at this time, but we understand the needs here and it’ll continue to remain high on our team’s radar when reviewing and prioritising their roadmap.
With differing product teams and needs for this functionality within invoices and bills…
Frances Howard
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132 votesFrances Howard
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32 votesFrances Howard
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257 votes
Hi community, we understand there are differing needs in this idea for why you’d like a separate posting date alongside the invoice or bill date. Whether it’s for reporting, compliance, or just a more accurate view of when things happened.
While this has been carefully considered, we want to be transparent with everyone here, that this is not something we have plans for developing in the near term.
We know given the interest in this that this is not the update you’re hoping for, and please know that we’ll continue to track votes this idea receives for future consideration. We’ll keep you posted if things change down the line.
An error occurred while saving the comment Frances Howard
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14 votesFrances Howard
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44 votesFrances Howard
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This is an essential need for a finance system that supports accruals accounting and all other finance systems I have worked with all have this functionality. It enables a proper month end close process, as otherwise figures can be forever moving (even if you lock down the reports or date - what do you do if you get an invoice through late? Either you back post it or you post it with the wrong date currently).
For audit and tax purposes you have to post invoices at their tax point but that means you can't lock down a period fully to accurately report in Xero at the moment. Having an additional field for posting date or period (which can be input similarly to invoice date) would fix this.