Settings and activity
18 results found
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265 votes
Hi community, we're thankful for all your support and letting us know the importance of this idea to you in appropriately recording Fixed Assets in Xero.
As many will have experienced we've launched a new version of Fixed Assets to most regions with just a portion of AU left to receive this new experience. There's been lots of work from the team to develop this version all built on updated technology that'll enable growth in this space, overtime.
Currently, though we've done some initial discovery of what'd be required to build the capability to proportion assets depreciation for business and private use in all regions, this hasn't been currently planned for the short term.
For the time being, we'd recommend posting 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…
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Janelle Sawtell
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50 votesJanelle Sawtell
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22 votes
An error occurred while saving the comment Janelle Sawtell
commented
This would be most useful as it would allow us to use the capital gains schedule as our calculator/worksheet to ensure calculations are correct and for review purposes.
Janelle Sawtell
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26 votes
An error occurred while saving the comment Janelle Sawtell
commented
I would also find it useful for the depreciation schedules to be able to transfer to PSI
Janelle Sawtell
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254 votes
Hi team, we appreciate your engagement and letting us know how a field for adding a clients date of death would help you when working with Xero. We understand having this field would save time hunting around for info when you're preparing tax returns and other client work, and we want you to know this work is being prioritised for development with our product teams.
As soon as there's more progress we'll share an update on this, with you all here.
Janelle Sawtell
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132 votes
Appreciate the traction this idea's gained - Thanks for your support, everyone.
Our Fixed Asset product team are working on upgrades to Fixed Assets platform and updating technology - Read more on this broader work on Xero Central
We understand how having an automated control to recognise and apply a write-off for general pooled assets where the balance is beneath the threshold would be useful, this is not in our roadmap right now.
That said, they have a close eye on ideas for Fixed Assets for when the time's right - we'll share any change on the idea, here.
Janelle Sawtell
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8 votesJanelle Sawtell
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44 votesJanelle Sawtell
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70 votesJanelle Sawtell
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8 votesJanelle Sawtell
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94 votesJanelle Sawtell
shared this idea
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28 votes
An error occurred while saving the comment Janelle Sawtell
commented
This feature would also be useful in D1-15 Deductions area as well.
Janelle Sawtell
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35 votes
An error occurred while saving the comment Janelle Sawtell
commented
This feature would be useful as not all assets are assets of the partnership. A partner may own assets that are used to derived partnership income.
Janelle Sawtell
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51 votes
Appreciate you'd like to add more detail for assets within a pool.
Atm, we don't have direct plans for developing this, however we'll continue to track interest here, so keep adding your support.
Janelle Sawtell
shared this idea
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298 votes
Hiya team, we had high hopes but unfortunately we've had to put plans for being able to copy & transfer the Capital Gains Tax(CGT) worksheet down for the intermediary.
We still intend to bring focus to this idea over the longer term but will shift this idea back to Submitted for now until we can begin active development. As soon as there's more word to share I'll be back with an update, here
An error occurred while saving the comment Janelle Sawtell
commented
This feature would be extremely useful and I am very surprised that it is not available.
Janelle Sawtell
supported this idea
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158 votes
Hi community, thanks for all your inputs and support in this idea so far.
💡Our product team have a keen interest to understand more around the purpose this field would have to each of your business.
If you can a share any detail through your feedback to this idea this will be valuable to the teams discovery. Thanks and we'll keep you updated here.
Janelle Sawtell
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160 votes
Hi everyone, we appreciate the continued interest in the timer in Practice Manager. As mentioned in my last update, work for a Pause option would require a lot of work, and it's not something we have plans for right now.
However, we understand this is important to our customers and when our team have more capacity we'll explore how we might develop solution for this.
We will keep let you know if there is any progression to share here.
Janelle Sawtell
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160 votesJanelle Sawtell
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I can't believe that Xero does not support a feature that is required and used with all business clients. Having to manually calculate the private use of assets does not streamline processes and is highly likely to be overlooked in the end of year process. Xero marketing suggests that we can work smarter and speed up the preparation of taxation documents by using the program. I don't think so. Other countries have this feature, so why is Australia missing out?