Settings and activity
4 results found
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66 votes
Thanks for raising the idea with us here, community.
Currently, there's no functionality in Xero to have a single row have two different formulas for each column, or have two columns appear when grouped. (Example, the 2024 column cannot be calculated with 33% tax if the formula for the row is calculated with 39%)
Right now as Paul's noted 🙏, we'd recommend using a 'Custom' row in the Notes report and have the row heading be similar to 'Tax Payable (33% 2024, 39% 2025)'.
In doing so, you'll then be able to manually input the figures into this section of the notes report after you click 'Update layout'.
We don't have any immediate plans for developing this capability, but I want to assure you interest for this has been shared with our product team and we'll update you if there's any news.
An error occurred while saving the comment An error occurred while saving the comment 
Gerard Dodd
commented
That's a great idea! Therefore it will never happen.
Gerard Dodd
supported this idea
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27 votes
An error occurred while saving the comment Gerard Dodd
commented
I don't know why the software developers who designed this search function didn't make it with this functionality in the first place. Very Xero though. Often the most obviously useful things are left out.
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21 votes
An error occurred while saving the comment Gerard Dodd
commented
GREAT SUGGESTION
Gerard Dodd
shared this idea
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386 votes
Hey team, thanks for all your input on partial asset disposal.
We understand that manually managing parts of an asset can be time-consuming. While we don't have plans at this time to develop a built-in feature, your feedback's really helpful in showing us where things could improve.
For now, manual methods to calculate depreciation and record journal entries to keep things accurate would be the best option.
However, this is a feature that we'd like to revisit as we plan our future roadmaps, and will be happy to share if there is any traction around this. Please keep sharing this idea with any colleagues you feel could benefit from this too.
Work around for the reports.
Replace the formula with this:
IF(Taxable Profit (Loss)>10000.99,Taxable Profit (Loss)*0.39,if(Taxable Profit (Loss)>0,Taxable Profit (Loss)*0.33,0))
Delete the comparative column if LY profit is over $10,000
or if you have a spare $750 + GST then:
Report Right are running a $750 (excl) special to take care of updating your 2025 and 2026 trust tax notes for you.
If you are interested, please contact Marney Price at marney@reportright.co.nz