Settings and activity
8 results found
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5 votes
Hi Jake, thank you for bringing this suggestion to the community. We understand why having a dedicated way to manage intangible assets could be valuable, especially when you’re tracking items like software, patents, trademarks, or other non-physical assets. Keeping these records separate from physical fixed assets can help make reporting and compliance reviews much clearer.
Currently, Xero Fixed Assets is primarily designed around physical assets and depreciation.
One option for now is to create custom asset types and map them to the relevant accounts in your Chart of Accounts. While this does not provide a separate amortisation workflow, it can help you keep these assets organised and track their values over time.I’ve updated the status of this post to Gaining Support so we can continue to gather feedback and votes.
Courtney Blackburn
supported this idea
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4 votes
Hi Van, thanks for submitting this idea. We understand why having the option to enter an asset’s effective life in months could be helpful, especially for assets with shorter or more specific depreciation periods.
The idea is to allow users to set asset effective life using months instead of converting them into years or decimal values, making fixed asset setup more straightforward and reducing manual calculations.
We encourage the community to vote on this idea if you'll find it useful.
Courtney Blackburn
supported this idea
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6 votes
Hi Leasa, if there is a Fixed Assets report that you'd commonly use you may find it useful to Favourite this report so it's readily available from the Reporting menu in the blue banner.
Do want to be open here that we don't have any near term plans for adding report options from within Fixed Assets. Thanks
Courtney Blackburn
supported this idea
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194 votes
Thanks for sharing your idea, Nuno, and for letting us know the changes that matter most for you.
We've reviewed your idea to increase tracking categories and tracking options, and now it's up to the community to get behind and support it. Make sure you share your idea with any colleagues that this could benefit so they can add their vote too!
Along with votes, other members can now comment to share additional detail about how your idea could improve their experience with Xero.
Courtney Blackburn
supported this idea
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22 votesCourtney Blackburn
supported this idea
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430 votes
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.
Courtney Blackburn
supported this idea
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170 votesCourtney Blackburn
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14 votesCourtney Blackburn
supported this idea
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Ability to reallocate a customer or supplier account after your period is closed. You should have the ability to enter an allocation date. This would allow you to allocate without opening periods