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  1. Fixed Asset - Partial disposal of an asset

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    49 comments  ·  For small businesses » Accounting features  ·  Admin →
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    under review  ·  AdminKelly Munro (Community Manager, Xero) responded

    Hi everyone, thanks for sharing your support for part disposal of Fixed Assets in Xero.  Being transparent - current work for the team requires focus on upgrades to Fixed Asset technology. 


    However, we’re thinking of what comes next and partial disposal of an asset figures strongly in this. Please continue to detail your particular use cases here in Product Ideas.


    As we continue forming the future of Fixed Assets in Xero insights from Product Ideas here will feed into the team's plans.

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    Nicola Fick commented  · 

    It would be beneficial for our clients for Xero to implement partial disposal. My client has had a situation where a fire damaged part of several of their assets (insurance has assessed a certain percentage). These assets have been in existence for a number of years so there is accumulated depreciation. Difficult to adjust prior periods if the accounts have been audited. I've had to create a manual spreadsheet outside of the system and manual journals as a workaround.

    Nicola Fick supported this idea  ·