Fixed Asset - Automatically write off Small Business Pool balance
Would be great if when posting depreciation and the pool balance is under $20,000 that it write the balance off without having to do a manual adjustment to the pool to clear it to nil.
Tegan Edwards
shared this idea
Thanks for sharing this idea. We understand the request for Xero to automatically write off Small Business Pool balances that fall below the applicable asset write-off threshold when posting depreciation. This could reduce manual adjustments and save time during year-end processing.
For now, eligible balances can be adjusted manually in Fixed Assets, where appropriate.
I’ve updated the status to Gaining Support so we can continue tracking community interest. If this would improve your workflow, add your vote and share your feedback.
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Paul Howlett
commented
So much basic functionality that Xero just ignores completely...