Settings and activity
9 results found
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85 votes
An error occurred while saving the comment An error occurred while saving the comment Carolyn Nicol commentedAgree the ability to combine assets or add extra value to them is something other programs can do so miss not being able to do the same in Xero.
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14 votes
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157 votesCarolyn Nicol supported this idea ·
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38 votes
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20 votes
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4 votes
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34 votes
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49 votes
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145 votesCarolyn Nicol supported this idea ·
An error occurred while saving the comment Carolyn Nicol commentedDue to the lack of good functionality in standard Xero work papers, it is critical if we can continue to use these that we can use custom templates.
I personally do not see a problem with having two separate assets to handle additions, but would like the ability to group them as one in reports. If a reduction in the original assets is required a negative asset may not be possible, so some ability to alter cost would be good. Also seems to be impossible to add assets with passed accumulated depreciation. In NZ if a asset is purchased from an associate we need to keep the original cost & accumulated depreciation for the new owner, so if sold for more that the original cost, the full amount of depreciation previously claimed can be shown as income to the new owner.