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Asset register

Need an asset register to hold all assets that can be depreciated and accommodate depreciation calculation as well. This would Zoho Books on a par with the more well know competitors.

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    Anonymous shared this idea  ·   ·  Flag idea as inappropriate…  ·  Admin →

    13 comments

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      • Anonymous commented  ·   ·  Flag as inappropriate

        Dear Zoho Books team! Please take this into consideration - fixed assets is an important part of the business - small businesses included - for tax purposes. This is a competitive weakness of Zoho Books in an otherwise strong solution.

      • Anonymous commented  ·   ·  Flag as inappropriate

        It was all ok till I see this page, Hence I am out of buying ZOHO, when you launch let us know.

      • Roger More commented  ·   ·  Flag as inappropriate

        This request is open since 2015 and till under process which a basic accounting requirement. Is there a firm dateline on its implementation?

      • Arash commented  ·   ·  Flag as inappropriate

        I think this is very important to help track fixed assets and also standard with competitor ssystems

      • Anonymous commented  ·   ·  Flag as inappropriate

        Hi Team Zoho, This a valid request. Do work on it. "Arminstrong" commented he has already worked out something which is working, why not integrate it with Zoho Books?

      • Gavin Pereira commented  ·   ·  Flag as inappropriate

        Hi Team Zoho, any update on this front. An asset register in the accounting system would be greatly beneficial.

      • Arminstrong commented  ·   ·  Flag as inappropriate

        We have developed the assets Register on Zoho creator and if anyone wants to txt please let me know, just wondering if may zoho can integrat it on zoho book. its already Working just need to be linked with ZBooks.

      • Celebi commented  ·   ·  Flag as inappropriate

        They have marked as not planned 2 years ago. I wonder if this is change. Because asset registration which will enable us to choose depreciation type and post automatically the depreciation to P&L is an important feature. I hope someone will inform us about this. I really like the books however without asset registration, accrual and prepayment feature. It made me think again. Because these are the most common features you can expect from an accounting software even they have got lots of other amazing features which their competitors dont have.

      • Jamie commented  ·   ·  Flag as inappropriate

        While I agree that this feature would be useful (and I would welcome it), I'd like to point out that this is among the most complicated features that an accounting system can accommodate, and it is not present even in most versions of QBO.

        Regarding attribution of depreciation, the current way to accomplish this is to create fixed asset accounts at any level of granularity that your business might require as well as accumulated-depreciation contra accounts for each of the asset accounts, and use manual journals to assign depreciation to the expense and accumulated-depreciation account(s) as needed. Tax software such as TaxAct, TurboTax, etc. typically generates depreciation schedules as part of long-term planning, and these schedules can be used as the basis for the calculation.

      • Justin commented  ·   ·  Flag as inappropriate

        It would also be nice to have the ability to link the asset to the expense in the fixed asset account or designate the cost manually. Having the ability to designate the depreciation method, residual value of the asset, and the useful life would be very helpful and have the calculation done on a yearly basis over the useful life or when the asset scrapped or sold.

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