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  1. US sales tax on purchases

    3 votes

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    2 comments  ·  Reports & tax  ·  Admin →
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    Gaining Support  ·  AdminAnis Anuar (Admin, Xero) responded

    Hi Camille, thanks for sharing this idea and the context behind it.

    We can see how having a dedicated way to track US sales tax on purchases could make it easier to manage reporting, reconcile costs, and maintain visibility of tax paid to suppliers.

    I've updated the status of this idea to Gaining Support, so if this is something you'd like to see in Xero, please keep on voting and sharing how this would support your workflow.


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    Stuart Adkins commented  · 

    Absolutely agree with OP and commenter Austin. It actually seems insane to me that Xero does not have this figured out for US Customers despite being one of the top accounting products in the United States. Effectively, because of the miscategorization of the sales tax, the balance sheet is completely incorrect straight out of Xero. It completely misrepresents the actual value of the sales tax account from a liability account perspective and therefore skews the entire balance sheet. How many users have absolutely no idea and are misrepresenting their financial position as a result? I know Xero really doesn't care as long as the monthly subscription money keeps rolling in, but gosh is it frustrating.

    Stuart Adkins supported this idea  ·