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It is surprising that there is STILL no function for a partial disposal of an asset - xero fees are constantly increasing!

on the asset register we sometimes record revaluations of land and buildings - more often than not, the valuations increase, but sometimes there is a devaluation of land & buildings. It looks untidy to dispose of a valuation year and then re-record a new valuation when we could just adjust a single line for revaluation up or down in the FAR (That way I also don't end up with five lines for revaluation on the asset register either) so conversely as well as partial disposal, partial increases?

It would be beneficial for our clients for Xero to implement partial disposal. My client has had a situation where a fire damaged part of several of their assets (insurance has assessed a certain percentage). These assets have been in existence for a number of years so there is accumulated depreciation. Difficult to adjust prior periods if the accounts have been audited. I've had to create a manual spreadsheet outside of the system and manual journals as a workaround.

Hi we capitalize software and amortize over a six year period, however also do partial disposals at the end of years 4 and 5. We therefore need to be able to adjust both cumulative cost and depreciation as a partial disposal I can see easy workarounds where assets have not been depreciated, but not where accumulated depreciation is in the mix.

I started using Xero in 2011 and I'm pretty sure that this was something that was being requested even back then! I can't understand why it's still not been addressed over 10 years later! It's still needed and not having the ability to do this in Xero causes a lot of manual work arounds which is time consuming and increases the risk of error. Not ideal.

I agree, partial disposal of an asset should be a function readily available in Xero by now. Why such a lag? Real life situations call for this and hand wringing over how this cannot be done in Xero shouldn't still be regular occurrences. Work arounds are time consuming to both the accountant and client.

The inclusion of a "Quantity" field in the Fixed Asset set-up (that carries across from the entry into the fixed asset account into the draft in the Fixed Assets Register) would mean then you could go back and dispose of a certain quantity.

We are often purchasing large volumes of small value assets (items for hire), that we don't want to have to enter individually due to the excessive volume, so we enter as a single asset for all items purchased at one time - but then have no way to go back and dispose of just some of those assets after a stocktake (due to loss/damage etc).

Under review for almost 3 years and comments requesting this as far back as 2020!!! Pull your head in Xero!

Partial disposals will help with Small Business pool asset disposals, not sure why this is seemingly like rocket science for you guys.

Partial disposal is a something that needs to be included in the FAR on Xero

I totally agree. It would also be good to be able to add to an asset when it is modified or improved. APS has a module where you can add value to an asset at a set date which rolls over into the following year as one calculation on the total. You can also sell part of an asset and just need to enter detail about what portion of the original cost price to use for the depreciation recovered or capital gain calculation. I am dealing with this reasonably often as is a colleague I sit near. We struggle with how to deal with it as it stands

I think it would be good if Xero responded to all the comments requesting this facility, I don't think I've seen any updates from them after their post on 13.07.22.

It needs to be updated for the feature of partially disposed of fixed assets, It will help us to reconcile the list of fixed assets in Xero. Please added that feature as soon as possible.

Agreed, this is a basic critical feature that should be part of any accounting program, this needs addressing. This causes imbalance in fixed asset module if people start using manual entries to fix costs and accumulated depreciation to avoid the removal of complete asset to add back in partial (which makes no accounting sense)

Part disposal of assets is a critical feature that should be added. As an accountant, I was a bit surprised that this is not currently available as it is common for assets to be partially disposed in my experience.

The number of comments on this page alone suggest this would be a highly valued functionality.

Fixed assets module - allow an asset to be split. This would be useful in cases where an asset was purchased as a group but not all of the group are being sold/disposed at once.

As per earlier comments. Partial disposal of a fixed asset needed.

We also came across this issue as we purchased a set of furniture and now have disposed of some tables and shelves. There is no way to do this in Xero atm.
Looks like we have to run a separate Spreadsheet to manage our fixed assets rather using Xero.

Any update on this as this is needed by many businesses or the revalue part

This is a critical function that must be required by a multitude of businesses. Please advise of an update. I have also inherited a client where multiple assets are grouped together. It's not uncommon to purchase a group of assets, computers for example, and then have to dispose of one or two as they no longer work..

Is there any update on when this feature will be made available? I have inherited a fixed assets register in Xero with multiple assets grouped together. It is not ideal to have to delete assets and then re-add them in prior locked periods