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  1. AU Tax: CGT - Option to copy and transfer

    336 votes

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    55 comments  ·  Practice tools  ·  Admin →
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    In discovery  ·  AdminKelly Munro (Community Manager, Xero) responded

    Hi everyone, we'd like to share an update that this idea is back on the teams roadmap as they begin to look into this work again.

    Atm, we can't set any timeframes but will stay close to share the latest news around this with you all on this idea. Thanks

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    Renee Mobbs commented  · 

    AU TAX - Share Capital Gains Tax Schedule in Income Tax Return to another Income Tax Return (i.e. where 2 or more taxpayers own the asset).

    This reduces doubling up on data entry and reduces errors when comparing the CGT Schedule in multiple taxpayers Income Tax Returns. Other software's such as MYOB AO and Handi Tax have the ability to share CGT Schedules with other taxpayers in the Individual Income Tax Return.

    Also share the Low Value Pool Asset Schedule to another Income Tax Return when it relates to a Rental Property Schedule. Again, reducing the need for double entry into multiple tax returns.

    Xero already shares Rental Property Schedules between taxpayers; we want the same for Capital Gains Tax Schedules and the Low Value Pool Schedules.

    Renee Mobbs supported this idea  · 

  2. Account Transaction report - Add Quantities & Unit Price to Column Drop Down

    201 votes

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    78 comments  ·  Reports & tax » Reporting  ·  Admin →
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    Not in pipeline  ·  AdminKelly Munro (Community Manager, Xero) responded

    Thanks for all the valuable feedback you’ve shared through this idea. We get how adding Quantity and Unit Price columns to the Account Transactions report would help you with transaction reconciliation, and provide clearer insights, without the need of opening individual transactions.

    Being upfront this isn’t in our team’s roadmap, however the idea will remain open for voting. Your input continues to shape our understanding of what’s most important, and we’ll keep sharing your feedback with the product team as they assess and plan for the future.

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    Renee Mobbs commented  · 

    We require the quantities field to be added to the Account Transactions Report for fuel tax calculations on quarterly BAS.

    Our client has the base subscription and does not want to upgrade to the next one just to add fuel receipts and quantities under bills. Our client currently reconciles from the bank transactions and enters as spend money.

    Renee Mobbs supported this idea  ·