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Yes! Revaluation of properties is very common and critical to include as a feature. Also, farmers often sell a portion of their land, so disposal of part of an asset forms part of this

Valuation on property blocks is given bi-annually by the government in New Zealand. It is IMPERATIVE that we are able to ENTER the new and current valuation into XERO so that it appears on our ledgers and especially on the PROFIT/LOSS Statement and BALANCE SHEET.

Essential. Would be helpful to have more flexibility.
Auditors may revalue buildings at year-end and adjust accumulated depreciation accordingly. I have now decided to remove the relevant property from Xero's asset register and continue manual depreciation schedules.

this would be a good enhancement , and obviously has been asked for many times, over many years
negative figures for when property values decrease and the ability to group assets are common sense. can we get some action on this please

Very good idea. We currently have a building being renovated and a bunch of different invoices for it. We have a bunch of fixed assets titled "value adjustment of workshop".
It would be so much easier if we could simply add the bill to the asset, increasing the fixed assets value and continue to depreciate based off the new asset value.

This is an essential function, currently the fixed asset register is almost useless for investment property companies - if this feature were added it would stop businesses having to rely on spreadsheets for this purpose

Can you please remove the restriction that stops users from being able to add a negative item to the fixed asset schedule, currently to revalue a property we need to add a new "revaluation" asset on to the FAS, but with no ability to add a negative value - we cant adjust asset values for negative revaluations.

We need to revalue building assets upwards, which involves reversing the accumulated depreciation. There appears to be no facility to do this. Although we can fix the General Ledger, our asset reconciliation now has a permanent variance. Perhaps we should be able to export/import the correct asset details, to overwrite the accumulated depreciation and closing costs already recorded?

Currently cannot do a negative revaluation on the fixed asset schedule.
When revaluing Fixed Assets if they decrease in value this can only be done through the balance sheet as the fixed asset schedule does not allow an negative value to be entered.

There needs to be an ability to update registered assets so that we can add any improvements, revaluations or extra payments for assets that may have been upgraded over financial periods.

This should be a facility in any Fixed Assets Ledger.

Any database needs an adjustment facility unless very comprehensive design that caters for all possibilities. In this instance it may even be appropriate to add another asset that is linked to the first and allows negative and positive input. It should be able to replicate adjustments that are made in the ledgers for whatever reason

In the case of fixed assets need to be able to adjust:

cost - revaluations, which can be up and down
depreciation - would also need an adjustment facility as there could be a one-off adjustment to the depreciation; eg accelerated depreciation to reflect an impairment of the asset, which is not a cost adjustment

This is marked as critical because whilst it may only apply to a minority of the assets, not being able to record adjustments to those assets properly affects the integrity of the whole database

To be able to report assets at market, you need the ability to reval assets upwards and downwards.

Upwards can be faked with an additional asset however decrements are not possible as Xero doesn't allow negative assets.

Fiddling this value via opening wdv also doesn't seem to be possible.

Would appreciate if you can allow us to edit the asset value in Xero at a certain date to allow us to rebalance fixed asset register at year end with any stat adjustment journals from the annual accounts.