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I am accountant so i want to learn how to apply accounting operation in in application system.So I need the support in updating any application systems related to Accounting operation.
Thank you in advance
When I try to add a new asset by clicking New Asset, the asset will be registered. But I can not locate it from the account transactions, neither from Spend Money transactions. How was this new added asset paid? It seems that the bank account information is not needed in this transaction. Can you please explain how this new asset was paid?
I have depreciation schedule on excel sheet. It requires prorated calculation for new assets depending on when it was purchased and put to use. Say if an asset with a charge of 25% pa is purchased mid year, it needs to calculate depreciation for half year. The video does not say anything on this. Would love to hear from the xero -thanks
Hi Bisihwas, Xero does account for apportionment of depreciation for the part year following asset purchase. More info here in our help guide.
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