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  1. Prepayments & Accrual Schedules

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    22 comments  ·  Invoices & quotes » Invoicing  ·  Admin →
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    Accepted  ·  AdminKelly Munro (Community Manager, Xero) responded

    Hi everyone, thanks for sharing your feedback on prepayment and accrual schedules. We appreciate you explaining how important this is for your month-end processes and workflow efficiency.

    I’d like you to know your idea's been carefully reviewed by our product team. They appreciate and understand the need for tracking revenue and expenditure related to prepayments and accruals, however at this time with other initiatives in the roadmap such as improving the bill creation and payment processes there are currently no plans for this in the pipeline.

    We’re keeping a close account of the support in this here, and will continue to review this opportunity within future planning. If there’s any progress made I’ll be sure to share with you all, here.

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    Beatrix Schuster commented  · 

    This is absolutely critical in my opinion. I prepay for every one of my clients and currently have to not only run manual excel reports behind the scenes to ensure accuracy but also set each prepayment up separately. This takes far too long even with the option to repeat the prepayments.

    I completely agree that it should be set up in the same way as the fixed assets, however, I'm wondering if it can be included as an option on the invoicing screen rather than having to go to another place.

    For example what if:
    At the point of entering the invoice you have the option to choose to prepay line items on the invoice, add a start and end date and the accounts code it relates to.
    All from within the invoice section.

    I have tried everything available in Xero to come up with an automation for this, it simply doesn't work.
    I have clients who raise dozen's of annual invoices that need to be prepaid. This would be such a game changer.

    Beatrix Schuster supported this idea  ·