Reports & tax

3 results found

1. investment boost expense code

   It would be useful if the 20% investment boost expense could be allocated to its own code rather than the default depreciation code.

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   1 comment  ·  Fixed Assets  ·  delete…  ·  Admin →
   Feedback  ·  AdminRidhwaan Uddin (Admin, Xero) responded

   Hi there

   The idea is promising, but the title is a little too short to summarise it clearly, and the benefits aren’t fully described yet. It’s been added to Feedback so the community can collaborate with you to develop it further.

   It would be great for the user to refine their post with a clearer title and a detailed description of the business impact. For example, a better title would be:

   Fixed Assets - Suggestion for separate expense code for Investment Boost deduction

   We look forward to hearing back from you again.

2. Fixed Assets - Partial allocation of depreciation for business and private use

   I've had to create this new idea because you closed the old one.

   https://productideas.xero.com/forums/939198-for-small-businesses/suggestions/44960515-fixed-assets-partial-allocation-of-depreciation

   You can re-arrange deckchairs all you want on the Titanic (new Files inbox), but BASIC ACCOUNTING FUNCTIONALITY IS MISSING from your program.

   You should be ashamed that the ability to calculate private use is 'not in pipeline'...

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   0 comments  ·  Fixed Assets  ·  delete…  ·  Admin →
   Feedback  ·  AdminKelly Munro (Community Manager, Xero) responded

   Hi Paul, appreciate your feedback and I understand the recent update for the idea on allocating depreciation for business and private use will not be what our users were hoping for.

   While an idea may be shifted to Not in pipeline, votes remain open so that we can keep tracking growing interest. These ideas will still be highlighted for reconsideration in product teams future planning but we want to be transparent with our customers that this isn't road mapped.

3. Why are depreciation journals posted as cash journals?

   It would be great if Xero could make the automated depreciation journals to be not cash. Then we don't have to think about whether the setup in the Cash flow report is correct or not. Surely this is just a setting issue in automated journal?

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   0 comments  ·  Fixed Assets  ·  delete…  ·  Admin →
   Feedback  ·  AdminAnis Anuar (Admin, Xero) responded

   Hi Justine, thanks for your feedback on depreciation journal classification. We appreciate you sharing how automatic non-cash treatment could make cash flow reporting easier.

   We’ve reviewed your idea and moved it to Feedback. In Xero, depreciation journals created through Fixed Assets are posted as accrual (non-cash), so they don’t appear on cash-basis reports by default.

   When depreciation does show up on cash reports, it’s usually because it has been posted via a manual journal (or through an integration) with the “Show journal on cash basis reports” box ticked.

   If you’d like us to take a closer look at your specific reports or workflow, we encourage you to raise a case with our support team so we can investigate further.