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Reports & tax: Fixed Assets

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Fixed Assets - Dispose multiple assets at once

Ability to dispose of multiple fixed assets at once.

Purpose: To save users’ time, because the current process is users need to dispose assets one by one.

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AdminXero Team (Admin, Xero) shared this idea  ·   ·  Report…  ·  Admin →
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Not in pipeline  ·  AdminKelly Munro (Community Manager, Xero) responded  · 

Hey everyone, thanks for all your valuable feedback and support on this idea here.

It's nice to see tips being shared throughout this thread to help others managing multiple assets. The suggestion to group similar items (like office chairs or laptops) into a single asset with a quantity can be an efficient way to handle things. When you need to dispose of some, you can then perform a partial disposal by updating the quantity, which helps save a few steps.

Wanting to share an update for you all, although I appreciate it will not be the news hoped for - Developing the capability to bulk dispose assets isn't on our current roadmap. We will keep an active eye on the support this continue to build here and be sure to let you know if anything changes here.

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  • Nim Juttla commented  ·   ·  Report

    Create an option to do a bulk disposal of assets. Have several old assets which are no longer needed and to be disposed at year end. Would save having to dispose of each asset individually.

  • Kieren Byrnes commented  ·   ·  Report

    Fixed Assets - Dispose multiple assets at once. This is critical and should have been added to the pipeline before insignificant cosmetic changes.

  • Bev Eastaway commented  ·   ·  Report

    Bulk disposal of assets feature would really benefit our Organisation.

  • Lynette Watson commented  ·   ·  Report

    It's not great that you've suggested an idea in 2015, tons of users have conveyed that it would massively pivotal in saving time for the businesses, yet nothing has been done.

  • Charlotte Lincoln commented  ·   ·  Report

    I see there's been no movement on this since 2015!!!!! Come on Xero, this would be incredibly useful.

  • Anna Treadaway commented  ·   ·  Report

    Yes, please. When you have 20 or so small assets to dispose of it is tedious.

  • Rosalind Brenssell commented  ·   ·  Report

    Really important if you've got large asset schedule and you need to manage the assets.
    Another issue is the ability to change asset categories without having to sell and buy them.
    And while I'm at it, part selling an asset would be wonderful too.
    Working on practical solutions to these issues would be far preferable than tinkering with other non essential "prettying" up the system

  • Phil Springford commented  ·   ·  Report

    The RoI on this would be significant for business sales or partial business sales. The time taken to do each asset (especially when sale price per asset is $0 with the total gain / loss put via one line to the P&L) is frustrating.

  • Hardeep Singh commented  ·   ·  Report

    Currently, if assets are imported incorrectly and registered, the only way to correct this is by manually deleting each asset one by one. A bulk delete option similar to what already exists for draft assets would be very helpful.

    In addition, when multiple assets need to be written off, this is also done individually at an asset level, which is very time consuming. A bulk disposal/write-off feature would be great.

  • Rachel Armishaw commented  ·   ·  Report

    This would be a big time saver each year as assets reach end of life

  • Jennifer Greentree commented  ·   ·  Report

    Currently individually disposing of over 200 assets for a trust that has sold a business. Being able to do it in bulk would be very useful.

  • Dominique Lennard commented  ·   ·  Report

    Xero have their fingers in their ears. They have completely ignored this idea for years. It's so frustrating.

  • Stefanie Campbell commented  ·   ·  Report

    This function would save significant time especially when you are selling a number of assets at the same date for $0. This occurs when clients review depreciation schedules and advise accountants of items that are no longer help because of age or damage.

  • Darren Mckenzie commented  ·   ·  Report

    I just disposed of around 1500 assets across three venues. Only took around 6 hours.... Please enable this feature!

  • Paul Howlett commented  ·   ·  Report

    Once again, had to go through a list of 79 assets and sell individually to be able to wrap up a deceased estate.

    Only took an hour or so. 🙄

  • Dominique Lennard commented  ·   ·  Report

    Been asking for years too but nothing from Xero. Something so important is ignored. It's obviously only ever about £££ sadly.

  • Errol McMahon commented  ·   ·  Report

    The business has closed and all the assets need to be written off at NIL value.

    An option to tick the assets and then click dispose would same heaps of time. Anyway, I better start doing them individually, got about 200 to do, that's a couple of hours I won't get back.

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