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  1. Fixed Asset - Partial disposal of an asset

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    70 comments  ·  Reports & tax » Fixed Assets  ·  Admin →
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    Accepted  ·  AdminKelly Munro (Community Manager, Xero) responded

    Hey team, thanks for all your input on partial asset disposal.

    We understand that manually managing parts of an asset can be time-consuming. While we don't have plans at this time to develop a built-in feature, your feedback's really helpful in showing us where things could improve.

    For now, manual methods to calculate depreciation and record journal entries to keep things accurate would be the best option.

    However, this is a feature that we'd like to revisit as we plan our future roadmaps, and will be happy to share if there is any traction around this. Please keep sharing this idea with any colleagues you feel could benefit from this too.

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    Dawn Belcher commented  · 

    This is a function that is available in other accounting programs. Can we please expedite the development of this function as, although it isn't a common occurrence, it is a necessary functionality of the fixed asset register. We don't want to have to roll-back 10 years of depreciation as this may undermine the integrity of the historical financial data.

    Dawn Belcher supported this idea  ·