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1. Close periods for period reporting

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   5 comments  ·  For small businesses » Accounting features  ·  delete…  ·  Admin →
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   under review  ·  AdminKelly Munro (Community Manager, Xero) responded

   Appreciate raising your idea on the site, Katie. 

   Currently within Xero there is the ability to Publish a report that'll keep a copy of the report and it's data as at the date the report was run, as well as the ability for an adviser to set lock dates that'll stop transactions being raised or edited for past periods. 

   Do these 2 features fulfill what you're in need of here? 

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   Mark Rex commented  ·  05 March, 2025  ·  Edit…  ·  delete…

   No, we require the ability to lock the VAT period but have the accounting period open. This will allow the VAT period to remain unchanged but facilitate adjustment to the accounting period. Client that give invoices out of the VAT period create huge reconciliation problems, at the moment.

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   Mark Rex supported this idea  ·  05 March, 2025