Frequently Asked Questions

The Xero Sales Tax Report can only generate reports in Cash Basis or Invoice Basis, the report does not generate Monies Received Basis reports.

Monies received basis is often referred to as a 'Cash Basis' report, but the two are actually different.

  • Xero Cash Basis = Sales date of payment / Purchases date of payment
  • Xero Accrual Basis = Sales date of invoice / Purchases date of invoice
  • Revenue Monies Received Basis = Sales date of payment / Purchases date of invoice / Credit notes data of issue

This is where Parolla Plugins comes in handy. When you choose the Monies Received Basis in Parolla Plugins we will combine the sales transactions as at the date of payment and the purchase transactions on date of invoicing for you.

If you have any Reverse Return transactions, then the tax in Xero should be 0%, but you still need to report at the nominal tax rate for the item. Parolla Plugins allows you to nominate those Reverse Return elements and pay the correct taxes.

Parolla Plugins can also:

  • Scan for transactions that have changed after submission to The Revenue.
  • Allocate postponed accounting values
  • Allow you to report RCT VAT.

Using Parolla allows you to select all the Xero bills or batch payments you wish to make from Xero and create a payment file which can be uploaded to your banking portal allowing for multiple payments to be made at once.

The system can generate:

  • SEPA.xml Credit Transfer files
  • Revolut.csv payment files

Parolla Plugins is a web application that generates VAT3 Reports, Payment Files and Tax Codes for Xero organisations.

The system is intended to assist users on the Global Edition of Xero to perform regional specific tasks in Ireland and Europe.

Watch the Xero webinar here.

Mostly, to you anyway! Xero are picking up the tab for this service. Thanks team!

We may extend the service to provide additional reports in the future.

The VAT3 Plugin will:

  • Scan your Xero transactions in the nominated date range
  • Sort them according to tax type
  • Identify potential miscoded tax types. For instance, a sales tax on a purchase invoice line item.
  • Apply intra EU and reverse-charge tax rates for reporting
  • Generate summary and details PDF reports
  • Append the top number of selected pdf invoices/bills for audit reports
  • Generate filtered Excel output files
  • Generate Revenue compliant VAT3 xml files for upload to ROS

The Payment File Plugin generates electronic payment files for:

  • Revolut Business Banking CSV files
  • AIB-IBB SEPA Credit Transfer xml files
  • Standard SEPA Credit Transfer xml files PAIN.001.001.03

The payment file plugin has three methods of operation:

  • Select approved bills from Xero directly
  • Select Bulk Payment Files from Xero directly
  • Convert an uploaded xls spreadsheet or csv file