Settings and activity
3 results found
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14 votes
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Kerri Welsh
supported this idea
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3 votes
Thanks for sharing here, Kerri. Understand why you'd find this helpful and we'll start to get a sense from others that'd like to see this here, too.
I know it's a little different to what you're directly asking here, but perhaps comparison columns and saving as custom could help where you can run the report for multiple date ranges at once and view the comparison across each?
Kerri Welsh
shared this idea
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279 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…
An error occurred while saving the comment Kerri Welsh
commented
Hard to believe that Xero can't do something like this that is SUPER important but yet go and change the format of bank recs that work perfectly fine.
Guess I will have to work out a messy work around.Kerri Welsh
supported this idea
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I save tax financials & signed tax returns for clients in the files section in Xero. This is handy as clients can obtain them easily if applying for finance.
We also encourage clients to use the files section to save Constitutions, Trust Deeds and other important business documents such as insurance quotes/premiums to name a few. Changing the way we can save to these folders as you have is a step backwards.