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Show Depreciaiton in Cash P&L report

Show Depreciaiton in Cash P&L report;

A Cash Accounting P&L is NOT a Cash Flow statement. Xero is targeted towards Small Businesses who legitimately use Cash Accounting, but the P&L doesn't include Depreciation, and importing into Xero Tax also excludes it. This is fundamentally wrong.

Xero cannot do Basic Accounting. I would think you would want to fix this. But no.

https://productideas.xero.com/forums/967133-reports-tax/suggestions/46171579-fixed-assets-option-to-show-depreciation-expense

Pretty poor to close this issue to comments because you don't want to do it right now. Couldn't you leave it up to garner more support? It can only be a lack of awareness that more Accountants don't complain about this.

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Nick Munro shared this idea  ·   ·  Report…  ·  Admin →
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submitted  ·  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.

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  • Paul Howlett commented  ·   ·  Report

    As an accountant, there are SO. MANY. things that Xero just gets wrong, and refuses to fix.

    It seems like a perfectly serviceable program for a small business owner to run their books with, but working in an accounting practice that switched over from MYOB System Services / AE Tax a few years ago for our main ledger & tax software, there are just SO MANY things every day that irritate me to tears:

    - No depreciation on the cash P&L / Bal Sheet.
    - No private use depreciation
    - No option to show quantities in reports
    - So much double handling of figures in the Tax Return (CGT can't be shared between people, Losses required to be input in multiple places, multiple business required to just be input as one total, etc etc etc)
    - Having to manually 'roll forward' a file from year-to-year
    - Having to manually calculate livestock closing amounts / figures and fill in the report in the financials
    - Cash Coding only having bare-bones column sorting, and no proper search (having all transactions sort by 'EFTPOS [[date]] [[store]]' isn't actually very helpful)

    And just a whole bunch of small things that aren't failures of accounting, but just failures of creating a polished piece of software:

    - Automatically creating new lines on the 'manual journal' screen, but not on the 'bank reconciliation' screen???
    - Editing transactions and taking to you to a different screen when you click 'save'...
    - Not automatically placing the cursor in the text field when logging on and you need to put in your 2FA code

    There is just so much stuff here that I would call a 'bug', but Xero insists are 'features' and then you have to 'gain support' when some stuff (the 2FA code thing) should take one developer a day or two, but then other FUNDAMENTALLY BROKEN THINGS are labelled as 'not in pipeline', and it makes me want to scream.

    If I had any say in it we would've gone straight back to MYOB System Services, but alas I am merely an employee that gets to be irritated by a thousand cuts every single day.

  • Cedric Nguyen commented  ·   ·  Report

    I have the same problem here. I have to do tax reconciliation on cash basis with no book depreciation and tax depreciation shown on Cash P&L