Please migrate to Elements Tax & Accounts if you haven't already, then take a look at Accounts Production Professional which includes the ability to include adjustments / journals
Yep! I agree with these comments. The work around has been to go back into Xero, where we import from and make changes, which sometimes means creating extra nominals such as loans within 1 year and after 1 year. This adds more time to the job.
A perfect example would be the ageing of a loan. Currently we either have to delete the mapping and then you cannot trace through in future, or the other option is to create a separate account code in QB/Xero which is just an added complexity.
This is the same for fixed assets. Depreciation gets posted in Xero/QB to the Accumulated codes but this needs to be split between B/F and charged during the year. Again, either we delete mapping or create more TB codes in QB/Xero which is a right pain.
Absolutely agreed - I found this page because I was searching to see if it was possible and I'd missed it; I think there's a lot to love about TaxFiler but being unable to make journals is a massive drawback.
There is a big flaw in the system. All other accounting software in the market has an option to make journals from clients records such as corporation tax liability. I am surprised this fundamental option has been overlooked by a large software provider like IRIS
Please migrate to Elements Tax & Accounts if you haven't already, then take a look at Accounts Production Professional which includes the ability to include adjustments / journals
Yep! I agree with these comments. The work around has been to go back into Xero, where we import from and make changes, which sometimes means creating extra nominals such as loans within 1 year and after 1 year. This adds more time to the job.
A perfect example would be the ageing of a loan. Currently we either have to delete the mapping and then you cannot trace through in future, or the other option is to create a separate account code in QB/Xero which is just an added complexity.
This is the same for fixed assets. Depreciation gets posted in Xero/QB to the Accumulated codes but this needs to be split between B/F and charged during the year. Again, either we delete mapping or create more TB codes in QB/Xero which is a right pain.
100% need the ability to post journals - great well priced piece of software but could be so much better with journal functionality
Come on Iris this is a must. We also need a nominal ledger print, once the journal functionality has been completed.
IRIS this is a must have, come on, getting this added please. Then give the client the ability to have them posted back to accounts books and records
Absolutely agreed - I found this page because I was searching to see if it was possible and I'd missed it; I think there's a lot to love about TaxFiler but being unable to make journals is a massive drawback.
There is a big flaw in the system. All other accounting software in the market has an option to make journals from clients records such as corporation tax liability. I am surprised this fundamental option has been overlooked by a large software provider like IRIS
I’ve been waiting for this functionality for about 3 years.
The sooner this is implemented the better!
Rather than unlinking I think the ability to post a journal would maintain the audit trail