Settings and activity
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6 votes
Hi Camilla👋, we understand the importance of being able to track and claim GST on business mileage and appreciate you letting us know this functionality isn't available within Xero. We know that not having this feature causes extra work to manually calculate the GST on mileage claims. While we don't have this feature at the moment, we’d like to acknowledge the workarounds of manually calculating the GST component of the mileage claim and entering this as a separate line item when processing the expense claim. We understand this isn't ideal and adds extra work, but it may help for now. We're still actively monitoring this idea to see how much support it gets from our customers 👀. As always, we'll continue to provide updates as we have them. Please continue to share your feedback and vote for the idea! ✅
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Camilla Yosufi
shared this idea
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3 votes
Hi Camilla, thanks for your engagement on this idea regarding an item field in expense claims. We know that it's not possible to add an inventory item directly to an expense claim and the current process to track inventory for an expense is to raise a bill instead. 📊 The team is still looking at the best way to address your feedback, and while we can't promise a timeframe just yet, please know that we will be watching this to see how much interest it might generate 👀
Camilla Yosufi
shared this idea
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225 votes
Hi everyone, thanks for all your support and sharing how useful budgeting for Balance sheet accounts would be for your business.
We've launched new Analytics Budgets which is in early access and can be accessed from the Reports centre.
Though not in the first cut, balance sheet budgeting is planned, with intentions for you to be able to set a balance sheet budget and compare it with actuals in reports. We'll update you again as this work progresses to share more details.
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.
The GST selection in already available for expense claims so why would it be difficult to simply add what is already available to the milage claim?
Educating staff with no GST understanding to separate the tax line is not only an inadequate option but an unrealistic workaround. The accounts team would have to intervene and manually amend each claim before the claim is approved by their managers. Given there is no option to amend an expense claim or milage claim after approval means companies are losing out on GST claimable due to a selective software incapability despite the GST option being available in expense claims.
The time and cost to add GST to milage claim is minimal compared to the proposed workaround suggest for companies to constantly amend milage claims and produce additional GST Workpapers.
The Xero subscription prices have already increased but were not receiving any real additional value as an end user.