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Converting a Client's Fixed Assets and setting up a Fixed Asset Pool

Self-paced learning
Launch course

2 Advisor credits

Free

10 MINUTES

Learning objectives

  • Setting up Fixed Assets
  • Adding Fixed Assets and Opening Balances

Course outline

    Setting up a client’s Fixed Assets and adding Asset Pools are more advanced aspects of switching a client to Xero. This course will teach you to set up Fixed Asset Pools and calculate depreciation on Fixed Assets so they can be listed as an expense on a tax return for a given reporting period. Getting the Fixed Asset implementation right during set-up saves you time, because your books will be balanced throughout the year.

Topics covered

  • Fixed assets
  • Conversion

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