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.
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Matthew Hazlewood commented
This functionality is required for correct depreciation and tracking for balancing charge calculations on disposal.
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Gregory Chaimandos commented
We are in 2022 and still no feature of having Private Use % in Fixed Asset register in Xero.
Xero Customer support advised it is functional in New Zealand however not other counties? Seriously? I am based in Australia and expected that this would be a feature already in the Fixed Asset register. Clearly, Xero have the algorithm set up for it to work in New Zealand. Very disappointed.
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April Dale commented
Xero functionality - please can you allow a partial sale of fixed assets in the depreciation schedule.