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2 votes
Thanks for bringing this idea to the community. We understand the request to make the Cash or Accrual basis option more visible when viewing financial reports. A prominent indicator could help reduce confusion when reviewing or sharing reports with clients.
We've moved this idea to Gaining Support so we can continue gathering votes and feedback. If this would be useful, share how you'd use it.
Mariska Hawke
supported this idea
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19 votes
An error occurred while saving the comment Mariska Hawke
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Summary of the problem
Xero financial statements currently do not offer the ability to round figures, resulting in rounding discrepancies between the primary financial statements and supporting notes. This creates unnecessary reconciliation work and can lead to frustration and additional queries from external auditors.
How I’d use the feature
Introduce an option to round financial statements and all supporting notes consistently, allowing users to select either exact figures, nearest dollar or nearest thousand dollars. Rounding should be applied consistently across all statements and notes to ensure figures reconcile.
Impact on my business
This would save significant time during financial statement preparation, eliminate avoidable rounding discrepancies, reduce audit queries and improve the overall presentation and professionalism of financial reports. It would be a simple but highly valuable enhancement to Xero's financial reporting functionality.