Cover your assets
Asset depreciation is essential to getting a complete and accurate view of your profit and balance sheet.
- Most other accounting systems don't manage fixed assets
- Manage depreciation
- Easily reverse and redo depreciation
- Depreciate monthly for greater accuracy
- Manage depreciation
With Xero, we've made it extremely easy to manage and depreciate assets. All assets you purchase will automatically appear in the Fixed Assets register as pending items. Anyone with the financial advisor role can setup the depreciation schedule, register the asset and post depreciation.
- Flexible and forgiving
If you ever make a mistake, or you simply want to change the depreciation on an asset, you can instantly reverse all the depreciation for a given period. Then, with a couple clicks, you can bring the depreciation up-to-date.
When you sell or dispose assets, Xero will work out the gains or losses, and show you the journals that will be posted. Because you often add and dispose of assets throughout the year, Xero lets you depreciate assets on a monthly basis, giving you better reporting accuracy throughout the year and reducing your workload at year-end.
