Settings and activity
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3 votes
Kirsty O'Gorman
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19 votesKirsty O'Gorman
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30 votesKirsty O'Gorman
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17 votesKirsty O'Gorman
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8 votesKirsty O'Gorman
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9 votesKirsty O'Gorman
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111 votesKirsty O'Gorman
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5 votesKirsty O'Gorman
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71 votes
An error occurred while saving the comment Kirsty O'Gorman
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276 votes
Hi team, we’ve seen a lot of support for this idea, and acknowledge why you’d like a simple way of reflecting if part of a fixed asset is used privately.
As Xero doesn’t currently offer a built-in way to allocate depreciation between business and private use I wanted to re-highlight from our last update how this can be recorded -
Currently you could post manual journals to record the private use apportionment of a Fixed Assets depreciation.
If you're using Fixed Assets in NZ it's possible to set up an asset and apportion a % for private use. However, it's important to note that it's not possible to apportion the private use depreciation of an asset prior to using Xero. In this case when you sell the asset a manual journal may be needed to correctly state the private use.
At this time, we want to be upfront that our…
An error occurred while saving the comment Kirsty O'Gorman
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All other accounting software has this functionality. It is critical and many accountants would need use of this on a regular basis.
Kirsty O'Gorman
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Agreed. We need ability to add more than one staff member other than the partner/manager.
We often have multiple people working on a job.
Giving practice admin was the solution provided by Xero and not appropriate where we don't want junior staff accessing all workpaper packs.