Fixed Assets - Partial or Bulk Sale
Enable partial sale of assets - allows one to dispose of assets that have been added as one transaction.
Enable bulk sale of assets - allowing one to select all assets involved within a sale to be sold for one purchase price i.e. sale of a fitout of a Hairdresser, over the years they had purchased numerous items and completed numerous renovations.
Maddy Caldwell
shared this idea
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Natalie Jones
commented
Agree this is critical for example if you bought 50 office chairs you certainly wouldn't want to add them individually on Xero as this would be very time consuming and their individual value may not meet your capex limit requirements, however if a couple of the chairs break or you get rid of them after some time you would need to have the ability to part dispose or part sell which is a basic requirement in accounting that you learn in AAT
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Geoff Bourchier
commented
Agree this is a necessary feature
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Lauren Campbell
commented
Is certainly needed for partial sale of land
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Catherine Howell
commented
A lot of assets are partially sold and we often need to be able to sell a portion of the asset along with its prorata accumulated depreciation and prorate cost price while retaining the balance of the asset and continue to depreciate it. APS allows for this whereby you calculate the cost price and accumulated depreciation manually and enter into the sales field along with the sale price.