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Reports & tax

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Reports & tax

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88 results found

  1. On the Fixed Asset Register can there be a column for showing Tracking Catergories?

    We deal with clients in the Hospitality Industry and a portion of them operate multiple sites.

    It would be handy to have an option in the Fixed Asset Register so we can quickly identify which assets belong to Pub A, Pub B, Pub C etc.

    The inclusion of a filter to only show the Fixed Assets of a particular site would also be a huge benefit.

    We know that the Register can be exported to Excel which will show the Tracking Catergories but something within Xero…

    17 votes

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    Thanks for sharing your idea about the change you'd like to see on the Fixed Assets page.

    We've reviewed your idea and now it's up to the community to get behind and support it. Make sure you share your idea with any colleagues that this could benefit, so they can add their votes and comments about how this would improve the page for them, too!

  2. Please implement partial depreciation for assets that are being replaced partially.

    3 votes

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    Hi 👋 your idea is being looked into by our Community team. We'll be in touch soon to update you once your idea has been reviewed.

    Did you know you can join our Xero Research panel to be involved in early testing and research? Find out more and sign up through our website 🙂

  3. I would like to be able to hide accounts on the Fixed Asset reconciliation report so that I don't have a page full of Fixed Assets accounts that have no assets attached, and haven't been used for years.

    7 votes

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    Thanks Cara for your feedback.

    We've reviewed your idea and now it can gain support from other community members.

    Along with votes, others can now comment to share additional detail about how your idea could improve their experience with Xero.

  4. When we enter into the Fixed Assets screen, the default should be the Registered tab rather than the Draft tab because that is the most commonly used screen.

    1 vote

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    Thanks for sharing your idea, Kirsten. It's good to get this understanding from customers on the different flows they would find most useful. This isn't something we have direct plans of right now, but will start to get a sense of interest in setting a default screen here. I'l be sure to let you know if there is any movement around your idea.

  5. Disposals - Stuck at "Show Summary" - When disposing of an asset and you have not rolled back depreciation to the prior-financial year , only the prior-month; it would be helpful to the user if (1) an "error" message prompting the user to roll-back depreciation back to the prior financial year in order to proceed (2) the user would receive the error message at the time of pressing the "Show Summary" button . At the moment, if the depreciation was not rolled back far enough, the "show Summary" button remains on the screen with no prompt / no message as…

    1 vote

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    0 comments  ·  Fixed Assets  ·  Admin →
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     ·  System responded

    Thanks for submitting your idea on Xero Product Ideas. We appreciate you taking time to let us know how we could improve Xero for you.

    Your feedback will soon be reviewed by our Community team, and in the meantime this can begin to build support with votes from other community members.

    If you're interested to see recent releases or get a pulse on what's coming soon see The Long and Short of it. 🙂

  6. History on Fixed asset settings (the global settings that control depreciation rules) - If any changes are done to the default effective life or rate setting(applied to new assets) Xero does not log those setting changes in the History and Notes. Add a History tab within Fixed Asset Settings timestamped log of “effective life default changed from 5 years to 7 years”. Also if any changes are done to the default settings an option to bulk change all assets changed to the previous effective rate without manually editing them.

    1 vote

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    Thanks for your idea, Imelda. Appreciate how this note in the history could be useful for businesses.

    This isn't something we have plans for right now, but make sure to share your idea with others that could benefit and we can get a better sense of demand here.

    In terms of the second request you've made we have another idea around bulk edit of assets that you may like to join and can stay updated of any progress through.

  7. This is a known issue that needs to be voted on to be prioritized.

    The Auto Sales Tax feature in Xero (from Avalara) disallows the ability to edit an Invoice account category. This is a huge limitation that will have massive repercussions as time goes on. Please fix this promptly.

    9 votes

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    We're grateful for your engagement and letting us know the changes that matter to you.

    We request that each post is for a single idea, I've just split your one here so we can gather support for being able to edit the invoice or Find and recode transactions with sales tax separately - you'll find the other idea I created for you here

    Along with votes, others can now comment to share additional detail about how your idea could improve their experience with Xero.

  8. This is a known issue that needs to be voted on to be prioritized.

    The Auto Sales Tax feature in Xero (from Avalara) disallows the ability to use Find and Recode. This is a huge limitation that will have massive repercussions as time goes on. Please fix this promptly.

    8 votes

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    Thanks for your idea here, Mariel.

    Appreciate hearing why you'd like to be able to change the account for invoices that have auto sales tax.

    We've reviewed your idea and now it can gain support from other community members.

    I've created a new idea to track support in being able to find & recode here so we can get interest in this specifically.

    If there is any plans made for either of these we'll update you through the respective idea. For now it can gain support from others in community 🙂

  9. Ability for AU orgs that use pooling in Fixed Assets to access the new Fixed Assets experience and make use of features like being able to attach a file to an asset.

    16 votes

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     ·  6 comments  ·  Fixed Assets  ·  Admin →
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  10. Some fixed assets have certain business use percentage. And this would be very much helpful for reporting purposes especially in the financial statements attaching the fixed asset recon report showing the business use percentage

    1 vote

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    Hi 👋 your idea is being looked into by our Community team. We'll be in touch soon to update you once your idea has been reviewed.

    Did you know you can join our Xero Research panel to be involved in early testing and research? Find out more and sign up through our website 🙂

  11. When we send a W9 request to a vendor via Xero the only way we have to know if they have completed the W9 request is by logging back into Xero and manually navigating to that vendor to check in on it.

    It would be great if admins/bookkeepers could receive a notification when the vendor completes the W9 request.

    Having that email notification of a vendor completing a w9 request would also enable us to trigger other automations.

    5 votes

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    Thanks for sharing your idea, and letting us know the changes that matter most for you.

    We've reviewed your idea and now it's up to the community to get behind and support it. Make sure you share your idea with any colleagues that this could benefit so they can add their vote too!

  12. It would save time and avoid accounting errors if a new document type existed (akin to Bills) that can be sent to recipients (contacts) generating the accounting transactions appropriate for distributions such as dividends and appointments from trusts. Those transactions would be on equity and assets accounts (not expense accounts and accounts payable as is the case for Bills).

    It would be great if such processing could be applied to contacts in bulk (e.g. a shareholders register) but the possibility of accounting for distributions singly would be a good start.

    I am a trustee and the usual distributions are cash…

    2 votes

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    Hi Adrian, thanks for sharing your idea, and letting us know the changes that matter most for you.

    We've reviewed your idea and now it's up to the community to get behind and support it. Feel free to share your idea with any colleagues that this could benefit so they can add their vote too!

    Along with votes, other members can now comment to share additional detail about how your idea could improve their experience with Xero.

  13. Small Business Corporations (SBC's) can, under certain circumstances, depreciate assets in a 3-year schedule as follows:

    • 1st year: 50%
    • 2nd year: 30%
    • 3rd year: 20%

    See the attached document, under 4.2.

    Currently, this is not possible (I checked with Support).

    I expect this to work within Xero, as it is a regular tax rule in South Africa.

    Adding this schedule for South Africa would be extremely useful and important, as we now have to do the depreciation outside of Xero.

    21 votes

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     ·  4 comments  ·  Fixed Assets  ·  Admin →
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  14. Be able to expand or reduce the size of a column in the depreciation schedule.
    We are finding when we add extra columns it is making the depreciation method column really large and you cant adjust it. Making the page stretched across longer that it needs to be.

    See attachment as an example.

    3 votes

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    After some testing, we discovered that downloading the file in Excel or Google Sheets format and then saving it as a PDF reduces the column size. While this may not be ideal, it can serve as a temporary workaround.

  15. Looking for deleting wrongly created General Pool, which were created during the conversion of file to Xero Blue. Currently we can record an end date to the pool, but it doesn't stop the previous pools to stop appearing on the 'Run Depreciation' screen. No balances recorded, no movement at all.

    5 votes

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     ·  0 comments  ·  Fixed Assets  ·  Admin →
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  16. We have 3 Belgian customers who are unable to used Xero as there is no connection with Belgium tax authorities, comparable with the HMRC in the UK for MTD VAT returns. If Xero truly want to be a global accounting solution, with Group structures having multiple geographical entities, they need to provide more global support/interaction to avoid clients moving away to alternative solutions.

    5 votes

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    1 comment  ·  Fixed Assets  ·  Admin →
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    We're grateful for your engagement and letting us know the changes that matter to you.

    Our Community have reviewed your idea and now it can gain support from other community members.

    Along with votes, others can now comment to share additional detail about how your idea could improve their experience with Xero.

  17. Fixed assets - please add a field for location

    3 votes

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    Hi Maresa, when you say you'd like to add Location would this be based on a Tracking category you've set up in the organisation? If so, you could add this when you create the original transaction(bill) the asset is raised from.

  18. Like Sage I would like every item to have the VAT return Date and month it was recorded on attached to it and if/when it was adjusted which return the adjustment was submitted on as well.

    23 votes

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     ·  3 comments  ·  Fixed Assets  ·  Admin →
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  19. There needs to be a way we can change the pool type for an asset if we've accidentally selected the incorrect pool.

    1 vote

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    Hi Melody, thanks for submitting your idea on Xero Product Idea's. We appreciate you taking your time to share changes that would be most meaningful to you.

    We don't have any immediate plans for adding this feature in Fixed Assets, but we'll monitor and track support your idea receives from the community.

    You can find out and stay updated with Xero releases on Xero Central.

  20. Fixed Assets - Add tax depreciation for UK
    At the moment, only the Australian version of Xero offers a tax depreciation function. We need this feature in the UK version too if Xero Tax is to be considered as a serious Tax software.

    2 votes

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    We appreciate your feedback on how we could help you get more out of using Fixed Assets in the UK version of Xero.

    Though we don't have any immediate plans for this we'll keep watching the support for this grow here, and update of there are any changes planned. Thanks

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