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21 results found
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236 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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45 votesJanelle Sawtell
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20 votes
An error occurred while saving the comment Janelle Sawtell
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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
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I would also find it useful for the depreciation schedules to be able to transfer to PSI
Janelle Sawtell
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4 votesJanelle Sawtell
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248 votesJanelle Sawtell
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131 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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4 votesJanelle Sawtell
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7 votesJanelle Sawtell
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337 votes
Appreciate wanting an update from us here, team. I can confirm that work for lodging future year Company Tax Returns(CTR's) is well into development, currently with a small group of Partners. We'll update as soon as it's available to you all.
Janelle Sawtell
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44 votesJanelle Sawtell
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69 votesJanelle Sawtell
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8 votesJanelle Sawtell
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87 votesJanelle Sawtell
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27 votes
An error occurred while saving the comment Janelle Sawtell
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This feature would also be useful in D1-15 Deductions area as well.
Janelle Sawtell
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28 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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48 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
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281 votes
Heya everyone, thanks for your input to Product Ideas and letting us know the value of the CGT worksheet for you.
We're going to move this idea to Under Review as this is something the team have planned over the next 12 months. There are a few other pieces of work lined up before this, so we'll share news when this progresses. Thanks
An error occurred while saving the comment Janelle Sawtell
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This feature would be extremely useful and I am very surprised that it is not available.
Janelle Sawtell
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153 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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156 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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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?