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1. Repeating Invoice - bulk update of amounts

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   50 comments  ·  For small businesses » Business features  ·  delete…  ·  Admin →
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   submitted  ·  AdminKelly Munro (Community Manager, Xero) responded

   Thanks for the feedback and great to hear the use you find in repeat templates in Xero. 

   
   

   While there's no way to bulk update templates atm, you may find updating your templates through export & import of invoices more helps quicken things up?

   
   

   You could export invoices that have been generated from your template to CSV, update the amounts in the exported file, and then re-import. 

   This will create 'Draft' invoices in your Xero org from which you can create a Repeat template and then delete the draft. 🙂

   Tim Vogel supported this idea  ·  31 August, 2023

2. Invoices: Repeating Invoices - Bulk Import/Export

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   submitted  ·  80 comments  ·  For small businesses » Business features  ·  delete…  ·  Admin →
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   Tim Vogel commented  ·  27 September, 2022  ·  Edit…  ·  delete…

   would be really useful

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   Tim Vogel supported this idea  ·  27 September, 2022

3. VAT - Automatically calculate VAT using the Marginal Scheme

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   17 comments  ·  For small businesses » Accounting features  ·  delete…  ·  Admin →
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   submitted  ·  AdminHannah G (Admin, Xero) responded

   Hi everyone, thanks for your interest in this idea.

   For now, I wanted to share that we're aware some users have the following process to record their transactions. The example uses a vehicle with a purchase price of £1500, and a sale price of £2000.

   1. Record the purchase of the vehicle on a purchase Bill for the full purchase price of £1500 with a tax rate of VAT Exempt. So the purchase is recorded in box 7 on the VAT return.
   2. Record the sale of the vehicle on an Invoice for the full £2000 - using the Tax Exclusive option, and then manually changing the VAT calculated to the required amount - £83.33 (i.e. 20% on the profit of £416.87 or 1/6 of £500) by clicking the small plus box above the Tax Rate.

   This will mean that you only charge £83.33 VAT for the overall profit figure, and ensuring the correct amounts are reflected in boxes 1, 3, 5 and 6.

   You could also create a custom invoice template to use with the invoices that hides the VAT detail. You'd need to insert the TaxInclusiveLineAmount field and remove the other Tax reference fields.

   Hi everyone, thanks for your interest in this idea.

   For now, I wanted to share that we're aware some users have the following process to record their transactions. The example uses a vehicle with a purchase price of £1500, and a sale price of £2000.

   1. Record the purchase of the vehicle on a purchase Bill for the full purchase price of £1500 with a tax rate of VAT Exempt. So the purchase is recorded in box 7 on the VAT return.
   2. Record the sale of the vehicle on an Invoice for the full £2000 - using the Tax Exclusive option, and then manually changing the VAT calculated to the required amount - £83.33 (i.e. 20% on the profit of £416.87 or 1/6 of £500) by clicking the small plus box above the Tax Rate.

   This will mean that you only charge £83.33 VAT for the overall profit figure, and ensuring the correct amounts are reflected in boxes 1, 3, 5 and 6.

   You could… more

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   Tim Vogel commented  ·  13 September, 2022  ·  Edit…  ·  delete…

   clients moving to sage as this does not exist

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   Tim Vogel supported this idea  ·  13 September, 2022