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Xero Business Community

Xero Business Community

Hi everyone, Come on over to the new discussions in Xero Central. It’s a more intuitive way to connect and chat all things business with one another. Ask questions, dish out answers, and get involved.

You can still view topics in the Xero Business Community to see all the useful knowledge that’s been shared there; and you can restart conversations you feel have been of huge value to you on Xero Central.

If you have brilliant ideas for innovations, you can keep on adding feature requests in the Xero Business Community, and voting on existing requests. There’s more in store, as we come up with the best way to take on your thoughts and share developments
Community > Feature Requests >

Future revenue / revenue recognition

Started by THOMAS WEIGELT in Feature Requests | Idea

Hi, we are a travel agency and base our PL etc. on the date of travel. But sometimes we send invoices out way before the travel date.

Now I want the amount to turn up in the month of travel, not in the month I issued the invoice (same for costs). Means if I issue in July an invoice for travel in September I want it to be shown in the revenue in September - not July.

I know there are ways to work around this manually - but this would put just too much workload on our accounting. I suggested once (as there is no special revenue module in Xero) to add another date field to payable and receivable invoices called something like "posting date". It should default to the invoice date but one should be able to change that date. And the revenue (or costs) would turn up in that month.

Not sure if I am the only one who would need this, if yes let me know. The solution seems to me quite easy to implement (though I am not a programmer)
Official Xero Reply
Hi everyone, not ignoring the idea here there are lots of ways in which our team are looking to refactor our purchase and sales experiences to create a more seamless experience when working in Xero and with reports.

If you haven’t already seen - we’ve recently extended pilots for two new features our team are developing to provide insights to your business cash flows and performance over a period. Both Short-term cash flows and Business snapshot are visual tools to help get visibility over upcoming invoices and bills so you can make the right choices for your business. If not already you’ll soon find access to these features from the Business menu of any Business edition org - The team are keen to hear your feedback too so make sure to try it out once available, and feedback through the messaging in the features themselves.

While we're very much aware of the theme for multiple due dates we'd like to be straight that setting multiple dates in a single invoice or bill is a fundamental change and not something we're looking to tackle in the near term. As there’s more news to come from this I’ll be sure to share with you all here.

Kelly M (Community Manager)

Best Reply as chosen by Xero API (Community Manager)
Hi again,

I'm thrilled to report that Flowrev is now a Xero certified and marketplace listed add-on!

Flowrev helps you automate and streamline your revenue recognition with Xero. You can learn more at:

Flowrev is currently free to use. Sign up and evaluate the system easily at:

So if you've been using spreadsheets for revenue recognition, find yourself spending too much time and possibly dreading handling each new period or the changes that invariably arise, now's the time to check it out. If you simply have not been able to do revenue recognition, for sure check it out. Beyond compliance, the financial and strategic benefits gained are well worth it.

Xero's add-on certification process is thorough, and their requirements (e.g. security) are rigorous. If you need to do so, Flowrev's certification should help you allay concerns and make the case to your management, your firm's partners or to your clients.

Please let me know if you have any concerns or questions (e.g. pricing post beta). We'll be happy to address/answer them, and help you on-board.

Best regards,
Kamal Varma

PS: a shout out for the Xero API team - they are wonderful to work with, and add a lot of value during the certification process.

Kamal Varma