Watch Xero demo videos
Fixed assets are things your business owns that are of significant value and used over a period of time, such as computers, vehicles and machinery. Xero makes it easy for you to track your fixed assets, and work with your advisor to manage depreciation and disposal.
Record and update your assets
It’s easy to manage your fixed assets and keep a close eye on your costs. Fixed assets are simple to set up in Xero and can be managed over their lifetime.
Manage depreciation and disposals
Once a fixed asset has been set up, depreciation can be run quickly and easily. There’s a range of depreciation options and it’s easy to update your accounts when you sell or dispose of an asset.
Automatic tracking of purchases
Your fixed asset purchases are tracked automatically. It’s simple to make changes and update details about an asset, including its warranty information and serial number.
Save time with everything in one system
Record expenses for fixed assets directly in Xero. You and your advisor will always have access to up-to-date information.
Accurate, real-time reporting
Get complete and accurate profit and loss, and balance sheet reporting so you always know the value of your fixed assets. You can easily run reports for the administration of assets, including depreciation and disposals.
Collaborate with your advisor
Xero brings the back office to the front office. Update your assets, and work with your advisor to manage the depreciation and disposal of these assets.
“Streamlining our accounting and bookkeeping process has freed me up to spend more time in the community.”