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Having the ability to create Sub Assets is very important in keeping track of Assets. As previously noted, other additions can be missed when an asset is sold or scrapped due to being listed separately. Considering this request has been on going for many years, this should be a priority in adding this option to Xero.

This is very important as parts of assets can be missed when the asset is sold, it is hard to show they are all part of the same asset on the asset schedule. A grouping function would allow for different period/months of depreciation to be claimed. We would still need to see clearly on the schedule & when handling maintenance of the assets which assets make up the one asset.

We Build our own Fixed asset often.

Given the original request was over 10 years ago, could this be reviewed please?
Since WorkFlowMax was dropped by Xero, implementing a replacement software system has incurred costs across multiple months. We are now ready to capitalise these costs to begin depreciating and having a single asset for this replacement software rather than one asset per invoice would be logical.
If we register each individual invoice as an asset, that creates noise/confusion in the asset register.
If we only register a single asset, then we lose the link to the original invoices.
Please review this asap.

Would be really handy to have ability to add extra asset costs. For things like sheds that get added to every now and then. One single asset is much better. APS/XPA do this easily and is much cleaner. Also ability to have part sales to assets - for example sale of a portion of land.

easier when sold or disposed of - Grouping assets would be great

We purchased an asset which then had setup costs to be added to it, so it makes sense to be able to have this all under the one asset number

Xero fixed assets need the ability to make adjustments to the costbase. Sometimes there are partial sales or additions to existing assets and cant do an adjustment to the asset, have to create entirely new asset or sell and redo new asset. This makes some calculations hard as the depreciation schedule doesnt show disposals correctly either.

This would be a massive help, especially for our clients who make additions to their vehicles or properties, we end up with a bunch of assets on our schedule all relating to one actual asset - ends up looking unnecessarily messy

Grouping of assets - same as MYOB the old AO , was so Good. the same please, obviously been asked for previously , so why no action ?

Coming up on the 10 year anniversary of this request. Tipping it's not likely to happen any time soon

I dont understand how something so important is not yet delivered at least since 2014.

Has this been sorted? very disappointing fixed assets module that doesn't allow additions to an existing asset.

I personally do not see a problem with having two separate assets to handle additions, but would like the ability to group them as one in reports. If a reduction in the original assets is required a negative asset may not be possible, so some ability to alter cost would be good. Also seems to be impossible to add assets with passed accumulated depreciation. In NZ if a asset is purchased from an associate we need to keep the original cost & accumulated depreciation for the new owner, so if sold for more that the original cost, the full amount of depreciation previously claimed can be shown as income to the new owner.

It would be helpful to have "Second Element of Cost" for existing fixed assets -

Purpose: to enable either "Additional Cost" or "Discount" to be added into existing Registered Assets.

From accounting/bookkeeping perspective, this additional cost/discount should *not* impact the depreciation in past periods (ie Past Depreciation Amount is supposed to be locked once a financial period is closed. A separate journal can be created in order to reflect/catch up the changes in GL)

Would be very useful to be able to assign costs to a fixed asset from a bill or receipt I.e. a bill for a machinery repair assigned to a specific machine

Have the ability to add additions to existing fixed assets instead of having to make a whole new Fixed Asset

Agree the ability to combine assets or add extra value to them is something other programs can do so miss not being able to do the same in Xero.

Improvements to the Fixed asset module has been requested from the last 6 years at least in the xero community - accountants have been consistently ignored on this issue - PLEASE commit resources to updating all functionality around Fixed Assets.