I consider this feature absolutely critical for multi-entity businesses. As a Finance Manager, the current limitation where Xero does not allow users to create separate Accounts Payable or Accounts Receivable accounts for intercompany balances creates massive friction for group consolidation.
We use third-party consolidation software, which relies on distinct GL codes to automate intercompany eliminations. Because Xero forces every invoice and bill into a single locked system AR/AP account, we cannot properly map our intercompany balances for elimination.
Currently, our only option is to bypass Xero's excellent invoicing and billing modules entirely and use a cumbersome workaround involving "Secondary Accounts" and manual journals just to keep our trade and intercompany balances separate on the Balance Sheet.
Allowing us to select different AR and AP ledger codes at the invoice level would instantly solve this and make Xero a much more viable platform for growing groups of companies. Please prioritize this!
Ehtasham Malik
supported this idea
·
I consider this feature absolutely critical for multi-entity businesses. As a Finance Manager, the current limitation where Xero does not allow users to create separate Accounts Payable or Accounts Receivable accounts for intercompany balances creates massive friction for group consolidation.
We use third-party consolidation software, which relies on distinct GL codes to automate intercompany eliminations. Because Xero forces every invoice and bill into a single locked system AR/AP account, we cannot properly map our intercompany balances for elimination.
Currently, our only option is to bypass Xero's excellent invoicing and billing modules entirely and use a cumbersome workaround involving "Secondary Accounts" and manual journals just to keep our trade and intercompany balances separate on the Balance Sheet.
Allowing us to select different AR and AP ledger codes at the invoice level would instantly solve this and make Xero a much more viable platform for growing groups of companies. Please prioritize this!