Settings and activity
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54 votes
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Allisa Coltish
supported this idea
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38 votes
An error occurred while saving the comment Allisa Coltish
commented
In addition to Depreciation against Partnership income there should also be Depreciation against Trust Income. The Depreciation and Motor Vehicle Deduction schedules should also be available to integrate as deductions against Trust income
Allisa Coltish
supported this idea
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336 votes
Hi everyone, we'd like to share an update that this idea is back on the teams roadmap as they begin to look into this work again.
Atm, we can't set any timeframes but will stay close to share the latest news around this with you all on this idea. Thanks
Allisa Coltish
supported this idea
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284 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…
Allisa Coltish
supported this idea
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8 votesAllisa Coltish
shared this idea
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Would love to be able to print the unlinked depreciation schedule with the tax return.