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  1. AU Tax - Non Depreciable asset to roll forward

    15 votes

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    5 comments  ·  Practice tools  ·  Admin →
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    Gaining Support  ·  AdminKelly Munro (Community Manager, Xero) responded

    Thanks for sharing your idea in the forums here, Subegh and to those that have already shown support.

    We are keen to get a better sense of the wider interest from the community in this, here.

    Along with votes, others can now comment to share additional detail about how your idea could improve their experience with Xero.

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    Doug Gray commented  · 

    How is it possible that one of the leading Software on the market does not have facility to roll forward Capitalised (%ZERO Depreciation) Cost Base items on the Depreciation Schedule?? This is a very basic ATO requirement, not just 'Critical' but 'Mandatory'.
    You need us - Software Users to 'propose' this as maybe a good idea?
    All other Software Providers recognise the importance of this, and have (since prior to 2000, for MYOB), accommodated this ATO requirement.
    I have a client with over 70 Capitalised items... and you suggest that I need to re-enter these annually, until you catch up with your competitors?

    A very unfunny joke, XERO... Forget waiting for enough Users to recommend it. Get cracking at making it happen.

    Doug Gray supported this idea  ·