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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.

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Abbie Bennett shared this idea  ·   ·  Report…  ·  Admin →
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Accepted  ·  AdminKelly Munro (Community Manager, Xero) responded  · 

Hey team, thanks for all your input on partial asset disposal.

We understand that manually managing parts of an asset can be time-consuming. While we don't have plans at this time to develop a built-in feature, your feedback's really helpful in showing us where things could improve.

For now, manual methods to calculate depreciation and record journal entries to keep things accurate would be the best option.

However, this is a feature that we'd like to revisit as we plan our future roadmaps, and will be happy to share if there is any traction around this. Please keep sharing this idea with any colleagues you feel could benefit from this too.

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  • Mark Lee commented  ·   ·  Report

    Any update on this as this is needed by many businesses or the revalue part

  • Kim Hamill commented  ·   ·  Report

    This is a critical function that must be required by a multitude of businesses. Please advise of an update. I have also inherited a client where multiple assets are grouped together. It's not uncommon to purchase a group of assets, computers for example, and then have to dispose of one or two as they no longer work..

  • Tania Newcombe commented  ·   ·  Report

    Is there any update on when this feature will be made available? I have inherited a fixed assets register in Xero with multiple assets grouped together. It is not ideal to have to delete assets and then re-add them in prior locked periods

  • John Dent commented  ·   ·  Report

    As well as partial disposals it would be ideal to be able to incrementally add to to asset that is built/acquired in more than one financial year

  • Kelvin Lee commented  ·   ·  Report

    Hi Xero, will this feature be included with the increased price in July 2024? The future of Fixed Assets in Xero, as seen from Product Ideas, seems very gloomy.

  • Libby Bourke commented  ·   ·  Report

    Really need this asap. We have moved our business and got rid of quite a few assets but unfortunately some are partial sales and I can't process these in Xero so our fixed asset register is incorrect now.

  • Mel Daly commented  ·   ·  Report

    Please can you add a quantity field when adding and disposing assets so you can partially dispose. Much needed feature.

  • Michael Hanes commented  ·   ·  Report

    Please kindly add a partial disposal of fixed assets. Thanks

  • Julie Copland commented  ·   ·  Report

    Hi Xero, is there any update on this? The last update was 18 months ago. Nearly 200 people have gone out of their way to vote for this and comment.

  • Carissa Dueck Warner commented  ·   ·  Report

    Another request for a partial disposal of assets feature to be added. This seems to be a huge demand, and is available in other systems, so we know the capability exists. Any upcoming changes or upgrades to the Fixed Asset Register in Xero should definitely include this.

  • Tracey Dovey commented  ·   ·  Report

    Please prioritise partial disposals in fixed assets!

  • Jennifer Foster commented  ·   ·  Report

    This really needs to be addressed. I have stopped using the FAR in Xero because of this issue. We have a lot of b/f main pool balances where we don't have the full asset breakdown, particularly for farm accounts. If an asset is sold and it is part of the b/f pool we cant do this in Xero without a lot of fiddling and journals, which clearly takes too long for little benefit

  • Chris Whippy commented  ·   ·  Report

    Xero response was over a year ago. Please can you provide an update. This is basic functionality that needs to be implemented.

  • Jennesa Chin commented  ·   ·  Report

    Hope this feature will be up soon! this request has been flagged up for years. it's really troublesome when there are partial disposal transactions occurred.

  • Ben Dayap commented  ·   ·  Report

    We need this, this has always been available in MYOB AO.

  • Madison Ralph commented  ·   ·  Report

    This would save a lot of time. Often I have to dispose of the whole asset and create a new one of the partial amount and journal depreciation. Big run around that could be a quick solution.

  • Prathisha OBC commented  ·   ·  Report

    Having a partial asset disposal feature would be very helpful.

  • Helen Stevens commented  ·   ·  Report

    I consider that the ability to sell part of an asset should be a standard feature of Xero Fixed Assets - we have been asking for this feature for many years - with no upgrade so far .

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