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  1. Prepayments & Accrual Schedules

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    22 comments  ·  For small businesses » Accounting features  ·  Admin →
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    Accepted  ·  AdminKelly Munro (Community Manager, Xero) responded

    Hi everyone, thanks for sharing your feedback on prepayment and accrual schedules. We appreciate you explaining how important this is for your month-end processes and workflow efficiency.

    I’d like you to know your idea's been carefully reviewed by our product team. They appreciate and understand the need for tracking revenue and expenditure related to prepayments and accruals, however at this time with other initiatives in the roadmap such as improving the bill creation and payment processes there are currently no plans for this in the pipeline.

    We’re keeping a close account of the support in this here, and will continue to review this opportunity within future planning. If there’s any progress made I’ll be sure to share with you all, here.

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    Svetlana Kazakova commented  · 

    I think a recorded video for accruals and prepayments will be useful and how it will look on the accounts after all. I worked on the system where all you do is post an invoice and the dates it covers. The system would identify the dates and would post the invoice spread among those dates evenly by itself. It would credit the cost and debit the preapyment and so on over future months.

    Svetlana Kazakova supported this idea  ·