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14 results found
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1 vote
Thanks for submitting your idea on Xero Product Ideas. We appreciate you taking time to let us know how we could improve Xero for you.
Your feedback will soon be reviewed by our Community team, and in the meantime this can begin to build support with votes from other community members.
If you're interested to see recent releases or get a pulse on what's coming soon see The Long and Short of it. 🙂
Nick Munro
shared 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…
Nick Munro
supported this idea
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158 votes
Hi community, we appreciate your insights on this idea. We recognise that having depreciation excluded from the Cash basis P&L can limit how useful the report is for understanding overall business performance.
The distinction you’ve highlighted between a cash basis Profit and Loss report and a Statement of Cash Flows is a helpful one and gives us a better sense of why this feature matters for your reporting and compliance needs.
For now, creating manual journals is the only available option to include depreciation in cash basis reports. While not ideal, it’s a feasible approach if you need to reflect these adjustments.
We want to be upfront here that this isn't something we have roadmapped right now, and not likely to be planned soon.
This may be something we revisit in the future and will make sure to share any updates if the situation changes.
An error occurred while saving the comment An error occurred while saving the comment Nick Munro
commented
Xero caters to Small Businesses, many of which are entitled to use Cash reporting, so why is this not an option? Sure Depreciation doesn't belong in a Cash Flow report, but a Cash P&L is not a Cash flow report. It is almost like there aren't Accountants working on this software
Nick Munro
supported this idea
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335 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
An error occurred while saving the comment Nick Munro
commented
It is frustrating that Xero spends time on updating the look of fixed assets (and taking away simple things like being able to see when depreciation was last run, for no discernable benefit from the changes), and doesn't spend time on fixing details like this. If you are going to be in the business of providing Tax software, do it properly!
An error occurred while saving the comment Nick Munro
commented
A simple thing to do, as you can do it for Rental Schedules. The other tax softwares can do it.
Nick Munro
supported this idea
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30 votesNick Munro
supported this idea
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70 votesNick Munro
supported this idea
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209 votes
Hey everyone! Thanks for your ongoing feedback on this. We appreciate you taking the time to highlight how important it is to get superannuation calculations exactly right, especially with the specific rules around employees under 18.
Our product team has reviewed this idea and agrees this needs to be addressed. The current workaround of manually adjusting each pay run isn't the seamless experience we want to provide, especially for businesses with multiple under-18 employees.
As a result, we're moving this idea to 'Accepted'. While we can't give a specific timeframe for a solution right now, this status means it's on our radar and something we'd like to develop in the future.
We appreciate you taking the time to share your thoughts with us and for your patience. 🙂
Nick Munro
supported this idea
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An error occurred while saving the comment Nick Munro
commented
It is 2024 and Xero still hasn’t addressed this issue. The $450 limit was removed, but not the 30 hours. With the recent price rises and removal of levels of partner product, the value proposition of Xero over Quickbooks is largely diminished
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57 votes
Hi everyone, and thank you for your feedback on reporting child support via Single Touch Payroll (STP).
Xero doesn’t currently support child support reporting through STP. While this isn't in active development at this exact moment, we are reviewing it for potential inclusion in our longer-term roadmap.
For now, we suggest you continue to process child support using an 'Other/None' deduction category and submit the required monthly report to the Child Support registrar manually.
We appreciate your patience and will update you if the status changes.
Nick Munro
supported this idea
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29 votesNick Munro
supported this idea
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23 votesNick Munro
supported this idea
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25 votesNick Munro
supported this idea
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55 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.
Nick Munro
supported this idea
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87 votes
Thanks so much for taking the time to outline how you’re using Xero Tax and the challenges with clients who have multiple businesses under their personal names. ✨
At the moment, we’re not planning to introduce individual worksheets for each business that then roll up automatically to the main business schedule, so this isn’t something that’s currently in our pipeline.
While I don’t have a timeframe or planned work to share for this specific workflow, your feedback is really valuable in helping us understand where Xero Tax isn’t supporting multi‑business clients as well as it could. We’ll keep monitoring interest in this type of functionality as we review and prioritise future improvements to Xero Tax.
An error occurred while saving the comment Nick Munro
commented
No other tax software I have used has such a clunky process. There is so much Xero tax gets right. This is not one of them.
Nick Munro
supported this idea
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55 votes
Hi team, appreciate not exactly what's being asked here but to confirm what's available at present.
In the Balance Sheet and Profit & Loss you can now show Account code through the More option. From here, use the layout editor to drag & drop accounts to the order you'd like.
Once set up deselect the option to show Account code and your ordering will remain while the codes are not shown within the report.
You can also Save as custom so you can then access this layout anytime you need.
To go deeper with the insights for our team here, it's be good to know the specific reports you're wanting to see this feature in.
An error occurred while saving the comment Nick Munro
commented
Pretty basic functionality. I am surprised it isn't there. My edited reports are a mess, because Accounts are all over the place
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Xero need to stop working on AI "analysis" that no-one asked for and put resources into getting the Tax software working correctly. Sure it isn't '****', but it is a basic fundamental tax-accouting function and you don't put resources into it. This is ridiculous.
Xero need some actual Accountants on staff.