Skip to content
← Share and support customer ideas for Xero

Settings and activity

3 results found

  1. Reports: Support for charity reporting

    47 votes

    We're glad you're here

    Please sign in to leave feedback
    Signed in as (Sign out)
    Close
    Close

    We’ll send you updates on this idea

    submitted  ·  13 comments  ·  Practice tools  ·  Admin →
    How important is this to you?

    We're glad you're here

    Please sign in to leave feedback
    Signed in as (Sign out)
    Close
    Close
    Neal Trup supported this idea  · 
    An error occurred while saving the comment
    Neal Trup commented  · 

    Thanks Elaine, this looks really helpful.

    I have taken a different approach and, using the Xero report writing functionality, have been able to prepare a SoFA directly in Xero. However it is also essential to structure the data and tracking categories effectively.

    I agree that only two tracking categories are not really enough for charities, but if you use prefixes in each (eg UF, RF for funds and similarly for activities) then you can (sort of) get 4 tracking categories which make reporting easier. I have attached an example of the data structure and sample reports. All the figures are based on a fictitious charity (I use this for training).

    I have asked Xero several times about having a charity chart of accounts, but it seems a low priority.

  2. New FRS102 and FRS105 changes (income recognition and leasing)

    4 votes

    We're glad you're here

    Please sign in to leave feedback
    Signed in as (Sign out)
    Close
    Close

    We’ll send you updates on this idea

    4 comments  ·  Practice tools  ·  Admin →
    How important is this to you?

    We're glad you're here

    Please sign in to leave feedback
    Signed in as (Sign out)
    Close
    Close
    In discovery  ·  AdminKelly Munro (Community Manager, Xero) responded

    Thanks for sharing through product ideas, here Neal. This is something our product team are currently evaluating. For now we'll move your idea to In discovery and as soon as I have more updates I'll let you know.

    Neal Trup supported this idea  · 
    An error occurred while saving the comment
    Neal Trup commented  · 

    It would be good to understand whether Xero is planning a proper implementation by embedding income recognition and leasing into the bookkeeping or whether it is going with the minimalist approach by simply allowing input of manual adjustments and hence leaving it to partners and accountants to have their own approach (eg spreadsheets, AI or other software).

    By not saying anything about your approach leads to uncertainty for practices as to what to do, especially that the new requirements are now in force for many companies.

    I have had a go at the bookkeeping in a Xero example company and this has brought out the many complexities and extra work. I am happy to demo this to the Xero product and partner teams as it may give them a useful insight.

    An error occurred while saving the comment
    Neal Trup commented  · 

    Any update?

    An error occurred while saving the comment
    Neal Trup commented  · 

    Any update on this?

    Neal Trup shared this idea  · 

  3. Xero Tax (UK) | Company - Liquidation & Cessation Accounts and CT Returns

    58 votes

    We're glad you're here

    Please sign in to leave feedback
    Signed in as (Sign out)
    Close
    Close

    We’ll send you updates on this idea

    submitted  ·  15 comments  ·  Practice tools  ·  Admin →
    How important is this to you?

    We're glad you're here

    Please sign in to leave feedback
    Signed in as (Sign out)
    Close
    Close
    Neal Trup supported this idea  ·