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3 votes
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
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An error occurred while saving the comment An error occurred while saving the comment Neal Trup
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Any update?
An error occurred while saving the comment Neal Trup
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Any update on this?
Neal Trup
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45 votesNeal Trup
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57 votesNeal Trup
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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.