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Fixed Assets - Partial allocation of depreciation for business and private use

To have the ability to account for depreciation on both business and private portions of an asset.

Purpose: Save time for users to get the correct figures rather than going through manual process.

219 votes

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  • Tracey Woods commented  ·   ·  Report

    Definitely needs to be available in Australian version ASAP.

  • Xin Liu commented  ·   ·  Report

    Save time for us to create manual journals each year.

  • Megan Molenaar commented  ·   ·  Report

    How in the name of god is this live for other versions of Xero but not just the "Australian version" - surely if its already up an running for other jurisdictions there can be no real impediment for adding this into the "Australian version" immediately. Poor form Xero. Very unhappy.

  • Margaret Walton commented  ·   ·  Report

    Many of our clients require a private usage calculation for their tax returns, especially on motor vehicles, and by not having to manually make this adjustment, will be time saving for us. I am sure we are not the only ones, (being a Taxation Accounting Company), to have clients that would benefit from this inclusion.
    Urgent consideration will be much appreciated.
    Thanks and regards
    Margaret

  • Kate Short commented  ·   ·  Report

    This is an important function that we need ASAP

  • Sharon Field commented  ·   ·  Report

    This is important in calculating accurate accounting and tax depreciation for clients. No only will it save time but reduce errors when accounting for private use. Xero should make this option available to be competitive with other available software.

  • Joseph Ignatious commented  ·   ·  Report

    Hi,

    It will reduce time & mistake if we can enter private usage % which we use in other accounting softwares.

    Regards

    Joseph Ignatious

  • Wendy King commented  ·   ·  Report

    I can't believe this functionality to account for the private portion of depreciating asset is available in NZ but not Australia.

  • Catherine Scelly commented  ·   ·  Report

    You cannot update depreciation settings when you have rolled depreciation in prior years. You should be able to add a private use account to the settings or to the individual asset without rolling back depreciation multiple years.

  • Nikki Johnson commented  ·   ·  Report

    Starting to wonder if we made the right decision moving from MYOB

  • Nicholas Chatrie commented  ·   ·  Report

    Calculating private portion % has been around forever. Why would you not have it?

  • Paul Howlett commented  ·   ·  Report

    This is available in Xero Tax, and yet not in Xero Blue?!?

    I sometimes wonder what all the programmers are doing at Xero (other than removing the ability to effectively tab through screens quickly, and without using the mouse)...

  • Michael Cox commented  ·   ·  Report

    This should be given a high priority it is an important part of our work as accountants/tax agents and would streamline the process. With all the excellent features in XERO I am surprised this has not been implemented already.

  • Andrew Toomey commented  ·   ·  Report

    Keeping track of private use is currently a manual task and increases the chance of error.

    The tax treatment of the sale of assets that have not been pooled for tax purposes, and that may have had changing private use proportions over time, means careful calculations including a closing tax tax value need to be maintained manually each year.

    I'd love to see this functionality as proposed.

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