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  1. Fixed Assets - Revaluation

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    37 comments  ·  For small businesses » Accounting features  ·  Admin →
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    Not in pipeline  ·  AdminKelly Munro (Community Manager, Xero) responded

    Hi everyone, we wanted to loop back on the outcome of the survey we did. Our product team have used this feedback, and looked into building this feature but at this stage want to confirm that this work is not currently on our roadmap.

    As a global business with many requests for our different regions and needs, we are not able to build everything at once. 

    We appreciate this is not the news you’d like around this but do want to be upfront with you all here to help you make the best decisions as needed for your businesses. If things change, we’ll communicate this with you through the idea here.

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    Mike Smith commented  · 

    Similar issue for us. We are just about to transfer our fixed assets to Xero.
    We revalue land and buildings annually.

    Possible work around is to set up additional asset code for each property in FA, (eg. Property x - building revaluation) and put revaluation through that code. Then do a manual jnl to record in ledger. Dr Buildings (B/S) and Cr Revaluation Reserve (P&L)

    Problem will be if value decreases. FA wont let you have negative value.

    Any other suggestions welcomed.