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1. AU Payroll: Automatically add approved expense claims to pay runs

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   submitted  ·  6 comments  ·  For small businesses » Payroll  ·  delete…  ·  Admin →
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   Chloe McGown shared this idea  ·  08 December, 2022

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

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   77 comments  ·  For small businesses » Accounting features  ·  delete…  ·  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 product team doesn't currently have plans to build this functionality.

   We’ll continue to track interest here, and revisit if priorities shift.

   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… more

   Chloe McGown supported this idea  ·  05 October, 2022