Fixed Asset - Partial disposal of an asset
Would be good to have a function within fixed asset register that allows to part dispose of an asset and to revalue.
Hi everyone, thanks for sharing your support for part disposal of Fixed Assets in Xero. Being transparent - current work for the team requires focus on upgrades to Fixed Asset technology.
However, we’re thinking of what comes next and partial disposal of an asset figures strongly in this. Please continue to detail your particular use cases here in Product Ideas.
As we continue forming the future of Fixed Assets in Xero insights from Product Ideas here will feed into the team's plans.
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Libby Bourke commented
Really need this asap. We have moved our business and got rid of quite a few assets but unfortunately some are partial sales and I can't process these in Xero so our fixed asset register is incorrect now.
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Mel Daly commented
Please can you add a quantity field when adding and disposing assets so you can partially dispose. Much needed feature.
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Georjia McLeod commented
Would be great to have this feature available soon
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Michael Hanes commented
Please kindly add a partial disposal of fixed assets. Thanks
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Julie Copland commented
Hi Xero, is there any update on this? The last update was 18 months ago. Nearly 200 people have gone out of their way to vote for this and comment.
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Carissa Dueck Warner commented
Another request for a partial disposal of assets feature to be added. This seems to be a huge demand, and is available in other systems, so we know the capability exists. Any upcoming changes or upgrades to the Fixed Asset Register in Xero should definitely include this.
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Tracey Dovey commented
Please prioritise partial disposals in fixed assets!
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Winston Tan commented
Yes very important to have
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Jennifer Foster commented
This really needs to be addressed. I have stopped using the FAR in Xero because of this issue. We have a lot of b/f main pool balances where we don't have the full asset breakdown, particularly for farm accounts. If an asset is sold and it is part of the b/f pool we cant do this in Xero without a lot of fiddling and journals, which clearly takes too long for little benefit
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Chris Whippy commented
Xero response was over a year ago. Please can you provide an update. This is basic functionality that needs to be implemented.
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Jennesa Chin commented
Hope this feature will be up soon! this request has been flagged up for years. it's really troublesome when there are partial disposal transactions occurred.
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Ben Dayap commented
We need this, this has always been available in MYOB AO.
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Madison Ralph commented
This would save a lot of time. Often I have to dispose of the whole asset and create a new one of the partial amount and journal depreciation. Big run around that could be a quick solution.
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Prathisha OBC commented
Having a partial asset disposal feature would be very helpful.
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Helen Stevens commented
I consider that the ability to sell part of an asset should be a standard feature of Xero Fixed Assets - we have been asking for this feature for many years - with no upgrade so far .
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Becky Atkinson commented
This would be a really helpful feature ...
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Bridgette Blumenthal commented
Partial disposal of assets, please!
This is reasonably common and needed by accountants if you want practices to use your software too -
Ina Jones commented
I vote for this one. Deleting and adding an asset that has been purchased in previous financial years, is a very long fix, and will alter data
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Chris Whippy commented
Agree, very surprised this still isn't a feature given how long Xero has been around.
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Julie Thornton commented
Agree that this needs to be added as a feature
Our client has an asset for 2 phones added in 2020 - now 1 has been disposed.
Xero advise to edit a locked period which is time consuming and not ideal!!!