Feeling Frustrated? You’re using Xero’s pooling solution, but don’t like the prospect of editing assets one by one? Here’s some good news! We’ve launched the Bulk Update tool.
At Xero we strive to present solutions that are not only beautiful but are also efficient. If you have several assets which have to be edited, it’s inefficient and painful to update each of them. And this is precisely why we built the Bulk Update tool. Just download all your registered assets as a CSV file. Then you simply make the desired changes to your tax details and upload this file. Xero will then take over from here and update all your assets. Isn’t that simple?
There’s more good news. If you have been patiently (or impatiently) waiting to use Xero’s pooling solution, I am happy to share that we are opening it to the whole of Australia. In the next few weeks, everyone will be able to use tax and pooling.
We’ve listened to your feedback, have gone through your posts in Community and looked at feature requests. The next immediate work in our pipeline is the Pool Detail report. This will supplement the existing Pool Summary report and give you insights into all the transactions which have happened in a pool for a financial year. You will be able to tell when and which assets were added or transferred, the adjustments made to the pool and pooled assets which have been disposed. The report will give you a running pool balance showing the impact of each transaction on the pool. Many of you have told us that you wanted tax journals. We have added this to the list of things to build.
While we in the Fixed Assets team predominantly built features for the AU market in the previous year, our focus is to now address the wider global region. There are some really exciting features we are looking at building. As you see, we have lots to do. Watch this space for more updates.
As always, continue to send us your thoughts. We’re in this journey together to build a super Fixed Assets experience.