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  1. Transition period for non UK organisations - managed financial year end

    15 votes

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    4 comments  ·  Reports & tax » Reporting  ·  Admin →
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    Gaining Support  ·  AdminDavina Roper (Admin, Xero) responded

    Hi Claire, thanks for raising this. We appreciate you sharing the want of having the transition period feature across all the regions while it is only currently available for UK organisations. Your idea is now in Gaining support status, meaning our community team have reviewed it and it's open for community support through votes and comments. We encourage others who would benefit from this to add their votes and share their use cases to help us understand the broader need.

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    Justine Rae commented  · 

    We have some clients who are on the Global Xero rather than UK and this is a significant problem. The companies have changed their year end and we are unable to create a transition period without changing fixed asset start dates etc The companies have changed their year end date for current reporting periods NOT for previous periods so we need to maintain their xero records to align with their statutory accounts.

    Justine Rae supported this idea  ·