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  1. Lock Dates - Allow old bills/invoices to fall into current accounting period

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    submitted  ·  19 comments  ·  Purchase orders, bills & inventory » Bills  ·  Admin →
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    Jeff Perkins commented  · 

    Yes this is Accounting 101 and unfortunately one of the many limitations with Xero.

    It is aimed at the sole trader plumber or electrician who isn't that interested in running a proper set of books, nor whether the results from 2 months ago has changed because an old invoice has been processed, so unless you change the invoice date to the current period it puts it in the previously closed period, and too bad if it happens to be in a previous financial year that may still be open...

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    Jeff Perkins supported this idea  ·