Settings and activity
3 results found
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290 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…
Jonathan Swanton
supported this idea
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13 votesJonathan Swanton
supported this idea
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An error occurred while saving the comment -
7 votes
An error occurred while saving the comment Jonathan Swanton
commented
I would also extend this idea to individuals who wish to appoint a new tax agent. At present, there is no functionality within Xero Tax to be appointed as tax agent. I would also like to see a client update form available for the client to sign and once filed, the tax agent can be appointed.
Jonathan Swanton
supported this idea
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I would also value the ability to quickly and easily select certain tax clients to be visible to certain staff members, similar to how staff can be allocated certain clients via Xero HQ. Seems like an obvious product change.
The current process is very manual and slow, especially if there are a lot of specific clients you want to hide from staff to access.