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24 votes
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Tessa Beattie
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7 votesTessa Beattie
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273 votes
Hi community, we're thankful for all your support and letting us know the importance of this idea to you in appropriately recording Fixed Assets in Xero.
As many will have experienced we've launched a new version of Fixed Assets to most regions with just a portion of AU left to receive this new experience. There's been lots of work from the team to develop this version all built on updated technology that'll enable growth in this space, overtime.
Currently, though we've done some initial discovery of what'd be required to build the capability to proportion assets depreciation for business and private use in all regions, this hasn't been currently planned for the short term.
For the time being, we'd recommend posting 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…
Tessa Beattie
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104 votesTessa Beattie
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It would be extremely valuable to have the ability to manually adjust tax estimates for prior liabilities or amended returns. We are currently facing the same issue with amended tax returns. Not being able to reflect the adjustment in the estimate creates confusion and adds unnecessary admin time providing a separate reconciliation. This is something MYOB can do, it would be a great improvement to see the same in Xero Tax.