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Fixed Assets - Suggestion for an Investment Boost Tracking Column in Depreciation Schedule (NZ)

Hi Xero,

For NZ, could we have a investment boost column for the deprecation schedule. This could be a 20% amount or no claim, or a yes/no?

This would make it easier when reviewing assets to see what new assets have been claimed under the incentive.

Regards
Brendan

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Brendan Natta shared this idea  ·   ·  Report…  ·  Admin →
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Gaining Support  ·  AdminRidhwaan Uddin (Admin, Xero) responded  · 

Hi Natascha,

Thanks for submitting your idea and highlighting what matters most to you.

We’ve reviewed it, and it’s now open for community support. Feel free to share it with colleagues who may benefit so they can vote as well!

Others can also comment to add context and explain how this enhancement would improve their Xero experience ☺️

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  • Diana Nicoloiu commented  ·   ·  Report

    Please add the investment boost column for the deprecation schedule.

  • Lisa Mead commented  ·   ·  Report

    This is a critical failure of Xero right now to update something that is extremely important for actual practical use, especially end of financial year tax return filing. If the total of the investment boost depreciation claim is not tracked by way of a report in Xero, users - accountants, tax return preparers - will be required to complete calculations manually which will mean hours and hours and a real COST to accounting practitioners. This is not OK. This is urgent. We pay for and use Xero for supposedly reasonable cost and BEAUTIFUL accounting - right now, it's not meeting that, at all unfortunately.

  • Natalee Barge commented  ·   ·  Report

    As box 60 in the IR10 now requires the total value of Investment Boost assets being claimed, it is essential to be able to run a report which includes this information. The information is there - surely adding a column to display if investment boost was claimed or not would not be too hard? Having to go through the additions line by line until this is actioned is going to be time consuming and annoying.

  • Sinuo Mao commented  ·   ·  Report

    Agree. Investment Boost should be shown separately from normal depreciation, as it needs to be filled out separately in IR10.

  • Judith Burson commented  ·   ·  Report

    A 'must have' else xls will be thrashed again and holding information outside of Xero always creates the opportunity of errors particularly with high assets movements during the year.

  • Jules Bradbury commented  ·   ·  Report

    This is time critical, we need to now disclose the investment boost to IRD in the tax return, how on earth will we get this information otherwise? I'm certainly not planning on going through the assets one by one and calculating it!

  • Robert Royle commented  ·   ·  Report

    Yes, agree the IR10 in FY26 will have a field requiring details around the investment boost therefore this would be fantastic

  • Lisa Pallister commented  ·   ·  Report

    It would be great if you add an option to tick box that shows if an asset has used the investment boost option when you run the depreciation schedule report

  • Alison Hogg commented  ·   ·  Report

    As someone that reviews annual accounts all day, coming into the new financial year, being able to show the clients which assets had investment boost claimed on them would be invaluable, and moreso as a reviewer in that I can make sure that it has been claimed by cross referencing purchases with investment boost, along with making sure that its been appropriately claimed as well on new or new to NZ assets.

  • Natascha Natke commented  ·   ·  Report

    Yes please do add this in as a column in the depreciation schedule. It will save so much time to be able to check all assets as a summary rather than having to go into each individual asset in Fixed Assets to see if it has been applied. our clients will also appreciate being able to see this in summary as well.

  • Ursula Norris commented  ·   ·  Report

    It would be great to be able to show in the financial statements that we have claimed the 20% investment boost for the client. This will also help us to see which assets have been claimed.

    Alternatively, custom columns in this schedule could achieve this?