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3 results found
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38 votes
Appreciate the conversations here. The other idea linked in this conversation that we delivered on was the ability for information to flow from the Trust Return(TRT) to Individual Returns(ITR) which is facilitated with the Trust Income Schedule.
We appreciate wanting to see further improvement in this space, and this is something we have intentions of looking at in the future, however we don’t have any timeframe right now. I’ll be sure to share any news with you all here.
An error occurred while saving the comment Melanie Costin supported this idea ·
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54 votes
Melanie Costin supported this idea ·
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43 votes
Hi community, thanks for engaging with this idea! It’s already gaining strong traction, and we can see how important this is to many of you.
We understand the value of being able to map general ledger accounts directly to all tax return schedules in Xero Tax, not just the business schedule. This improvement would go a long way in streamlining tax workflows, increasing efficiency, and reducing the risk of manual entry errors.
The idea is now in the Gaining Support stage. Your continued votes and comments help highlight its importance and guide our product team's priorities.
An error occurred while saving the comment Melanie Costin commented
Thanks Sam, fantastic suggestion! I have a lot of trusts with investments - rental properties, shares, ETF/managed funds, term deposits/high interest earning accounts - being able to map these accounts would save me so much time.
Melanie Costin supported this idea ·
The flow through of CGT info from the Trust Schedule to Item 21 is something we need for efficiency. I recently changed from HandiTax to Xero Tax. It flows through in Handitax, so this is a disappointment for me that Xero doesn't already have this functionality in place.