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  1. AU Tax - Xero Tax Trust Estimate For ALL Trust Types

    148 votes

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    19 comments  ·  Practice tools  ·  Admin →
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    In discovery  ·  AdminDavina Roper (Admin, Xero) responded

    Hi everyone, we appreciate all the attention and interest this idea has received. This has not gone unnoticed and our product team understand the importance of these estimates for practices.

    There is a bit of complexity involved in being able to achieve this, but we'd like you to know this is something our teams are looking into.

    As soon as we have any updates we'll be sure to share with you all through this idea. Thanks 🕵️

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    Darren Gillman commented  · 

    This is another example of how backward Xero is

    Darren Gillman supported this idea  · 

  2. AU Tax | Company Return - Pull Client ABN, ARBN Field

    20 votes

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    submitted  ·  1 comment  ·  Practice tools  ·  Admin →
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    Darren Gillman supported this idea  · 

  3. Reports: Show net profit or loss on Trial Balance report

    32 votes

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    submitted  ·  7 comments  ·  Reports & tax » Reporting  ·  Admin →
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    Darren Gillman commented  · 

    It should be a standard inclusion like MYOB etc does

    Darren Gillman supported this idea  · 

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

    282 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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    Darren Gillman commented  · 

    Agreed

    Darren Gillman supported this idea  ·