Skip to content
← For small businesses

Enter your idea

For small businesses: Accounting features

Categories

(thinking…)

Fixed Assets - Add tax depreciation for NZ

At the moment, only the Australian version of Xero offers a tax depreciation function. We hope that this feature can also be added to the New Zealand version, which is where Xero was originally incorporated.

17 votes

We're glad you're here

Please sign in to leave feedback
Signed in as (Sign out)
Close
Close

We’ll send you updates on this idea

Nora Wang shared this idea  ·   ·  Report…  ·  Admin →
How important is this to you?

We're glad you're here

Please sign in to leave feedback
Signed in as (Sign out)
Close
Close

We're glad you're here

Please sign in to leave feedback
Signed in as (Sign out)
Close
Close
Submitting...
An error occurred while saving the comment
  • Lewis Luong commented  ·   ·  Report

    Hi,

    would John Glass or anyone share an advice please. I have the accounting depreciation in Xero and manually maintain a spreadsheet for my tax depreciation. If Xero was possible to allow to have the tax depreciation schedule in the system, where would I be journalling the differences in the opening values to. Wouldnt be to the PL but also cant be to the balance sheet.

    Any comments please?

  • JOHN Glass commented  ·   ·  Report

    Yes please add this functionality to the New Zealand Version - so frustrating to have to calculate tax depreciation separately and then journal or adjust in the Xero ledger.

  • Dianne Gordon | Chrisp & Davidson commented  ·   ·  Report

    Yes please add this functionality to the New Zealand Version - so frustrating to have to calculate tax depreciation separately and then journal or adjust in the Xero ledger.

  • Julie Blackwell commented  ·   ·  Report

    We could really use the functionality to maintain both a tax fixed asset register and a separate fixed asset register for NZ IFRS accounting purposes. (As we are required to prepare our financial statements under IFRS reporting.)