Settings and activity
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53 votes
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Camilla Yosufi
supported this idea
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203 votes
Thanks for keeping the conversation going on this, everyone. It's clear that having the ability to create budgets for Balance Sheet accounts is a really popular idea, and we hear the manual workflows you're having to use when it comes to forecasting.
The go-to option for now (as shared by some in this idea) is to export your data into a spreadsheet to build out your budgeted Balance Sheet and cash flow forecasts.
I know it's not the outcome you're hoping for here, but we want to be upfront about where things stand. Right now, building this feature isn't in our plans. We have to make some tough calls on what to build next, and while this isn't on the current roadmap, the feedback you've all shared here is incredibly valuable for our future planning.
Please keep the ideas and feedback coming to show your support for this idea.
Camilla Yosufi
supported this idea
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An error occurred while saving the comment Camilla Yosufi
commented
Balance sheets budgets especially capital expenditure budgets are a critical feature for any small business to manage spend of specific projects and a helpful tool for business owners in any industry to track especially when managing cashflow.
In addition, it is also an important tool for bookkeepers and accountants for reporting project spend against budget without the need to turn to excel or a supplemental software in addition to xero to track capex projects.
From an implementation perspective, adding the balance sheets accounts to "Budgets" doesn't seem like a difficult feature to implement and would benefit quite a number of small businesses given the number of votes.
The dashboard watch list can already display the budget column for balance sheets accounts so it's puzzling why this is not readily available considering how important capex budgets are for any business.
I am in agreement with the comments below. The pricing doesn't make sense for small businesses without any employees. To force a business on an ignite plan to pay an additional $80/month just to use the projects module is excessive when compared to other products like Myob lite or teamwork. Rather than force businesses who have been with Xero to look elsewhere, I strongly suggest the projects module to be available as a standalone product or built-in to the ignite plan with 1 user and additional users at a fee/month.