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  1. Financial reports - Do not remove date fields in notes when using "Edit layout"

    38 votes

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    7 comments  ·  Practice tools  ·  Admin →
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    In discovery  ·  AdminKelly Munro (Community Manager, Xero) responded

    Hi team, we really appreciate everyone that got involved in the teams research late last year. Appreciate it's been sometime since our last engagement here, but I'd like to share that this is still a feature our teams are investigating a solution for and we expect to be able to share further news if we can progress in the next few months. I'll be back again with more of an update. Thanks!

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    Andrew Dick commented  · 

    This is a backwards step from our old software provider.
    Having to manually deal with this will remove other efficiencies gained with the change to Xero along with risk of not picking all the changes up.

    Andrew Dick supported this idea  · 

  2. Fixed Assets - Partial allocation of depreciation for business and private use

    277 votes

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    77 comments  ·  Reports & tax » Fixed Assets  ·  Admin →
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    Not in pipeline  ·  AdminKelly Munro (Community Manager, Xero) responded

    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…

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    Andrew Dick commented  · 

    If one of the premises with Xero is creating efficiencies this feature missing certainly detracts from this and Xero is actually behind other products.

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    Andrew Dick commented  · 

    this is very important for automating accounting function.
    i am surprised that it is not in the Australian software

    Andrew Dick supported this idea  · 

  3. Fixed Assets | General Pool Write Off

    132 votes

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    3 comments  ·  Reports & tax » Fixed Assets  ·  Admin →
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    submitted  ·  AdminKelly Munro (Community Manager, Xero) responded

    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.

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    Andrew Dick commented  · 

    This would be great to be able to comply with rules and use the system rather than having to work outside the system to be able to comply

    Andrew Dick supported this idea  ·