Settings and activity
4 results found
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10 votes
Chase McConnon
supported this idea
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61 votes
Hi everyone, thanks for sharing your support for this idea. We understand how a quick, built-in calculator could make tax calculations easier while working in Xero Tax.
For now, as shared by some in feedback here there are some external tools that could possible help some.
We want to be transparent that an in-built calculator tools is not in our roadmap.
We'll be sure to update this thread if that changes. Thanks again for your feedback.
Chase McConnon
supported this idea
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296 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…
Chase McConnon
supported this idea
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9 votes
Chase McConnon
shared this idea
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