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It is crazy this is not in the Australian Version!!!!!

Save time for us to create manual journals each year.

How in the name of god is this live for other versions of Xero but not just the "Australian version" - surely if its already up an running for other jurisdictions there can be no real impediment for adding this into the "Australian version" immediately. Poor form Xero. Very unhappy.

Many of our clients require a private usage calculation for their tax returns, especially on motor vehicles, and by not having to manually make this adjustment, will be time saving for us. I am sure we are not the only ones, (being a Taxation Accounting Company), to have clients that would benefit from this inclusion.
Urgent consideration will be much appreciated.
Thanks and regards
Margaret

This is Critical

This is an important function that we need ASAP

This is important in calculating accurate accounting and tax depreciation for clients. No only will it save time but reduce errors when accounting for private use. Xero should make this option available to be competitive with other available software.

Hi,

It will reduce time & mistake if we can enter private usage % which we use in other accounting softwares.

Regards

Joseph Ignatious

I can't believe this functionality to account for the private portion of depreciating asset is available in NZ but not Australia.

You cannot update depreciation settings when you have rolled depreciation in prior years. You should be able to add a private use account to the settings or to the individual asset without rolling back depreciation multiple years.

Starting to wonder if we made the right decision moving from MYOB

Calculating private portion % has been around forever. Why would you not have it?

This is available in Xero Tax, and yet not in Xero Blue?!?

I sometimes wonder what all the programmers are doing at Xero (other than removing the ability to effectively tab through screens quickly, and without using the mouse)...

This should be high priority

This should be given a high priority it is an important part of our work as accountants/tax agents and would streamline the process. With all the excellent features in XERO I am surprised this has not been implemented already.

Keeping track of private use is currently a manual task and increases the chance of error.

The tax treatment of the sale of assets that have not been pooled for tax purposes, and that may have had changing private use proportions over time, means careful calculations including a closing tax tax value need to be maintained manually each year.

I'd love to see this functionality as proposed.

I can't believe that Xero does not support a feature that is required and used with all business clients. Having to manually calculate the private use of assets does not streamline processes and is highly likely to be overlooked in the end of year process. Xero marketing suggests that we can work smarter and speed up the preparation of taxation documents by using the program. I don't think so. Other countries have this feature, so why is Australia missing out?

Hard to believe that Xero can't do something like this that is SUPER important but yet go and change the format of bank recs that work perfectly fine.
Guess I will have to work out a messy work around.

If one of the premises with Xero is creating efficiencies this feature missing certainly detracts from this and Xero is actually behind other products.

This is critical. If MYOB, Handisoft and CCH can do it why can't Xero?