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  1. Fixed Assets - Ability to include additions to existing assets

    153 votes

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    submitted  ·  28 comments  ·  Reports & tax » Fixed Assets  ·  Admin →
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    Sheldon Rennie commented  · 

    This is a fundamental requirement that should be available for capitalizing assets. Additions as well disposals are all part of capitalizing.

    Sheldon Rennie supported this idea  · 

  2. Fixed Assets - Option to Show Depreciation Expense in Cash Basis Reports

    158 votes

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

    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.

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    Sheldon Rennie commented  · 

    Please fix immediately! otherwise there no piont to recommend customers to use xero.

    Sheldon Rennie supported this idea  ·