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.
Abbie Bennett
shared this idea
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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Adelaide Huie
commented
I highly recommend Xero to create the partial disposal function under the Fixed Assets, this will certainly streamlining the maintenance of the Fixed Assets Register.
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Kim Brodie
commented
An asset list was entered to Xero when we took over the company which included 2 x items as one entry. This feature would have been good as some assets were disposed of immediately after we took over.
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Elliot Beath
commented
I also have scenarios where an asset split function would be helpful.
Deleting the asset and creating new assets opens up the possibility that the previous year's data is altered.
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Erin Jacob
commented
This request has been on going since at least 2017! When is this being looked at ?? Other accounting software has this feature, and has done for years.
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Jo Russell
commented
I've inherited an asset register where assets are listed together, e.g. 2 x iPads are listed as a single asset. One of these needs to be disposed of, so either the ability to split the asset then dispose or partial disposal of an asset would make this easier.
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AdminXero Team
(Admin, Xero)
commented
Ability to have partial sale of an asset in Xero.
Purpose: Because the current workaround (dispose of the asset and create 2 new assets) takes time. And this feature will easily help the workflow.