Fixed Assets & Manage Depreciation | Xero Accounting Software

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Managing your fixed assets outside of your accounting software can be prone to error and difficult to sync with the rest of your financials. Xero makes it easy to track assets, and work with your advisor to manage depreciation all in the same system, so the books are always up to date. Just enter the bill and categorize it to a fixed asset account. Xero will immediately create an asset which will be waiting in a draft state in the Fixed Assets register for your accountant or bookkeeper to take from there. Attach a copy of the bill as you enter it, so your advisor can quickly find all the information they need. It's an easy workflow - You enter the bills and your advisor has everything they need to register the assets and run depreciation. Under fixed assets you'll see all the draft assets Xero created automatically from any bills or other transactions that were coded to a fixed asset account. You can also add an asset from scratch without entering a bill first. The asset can be registered and other information captured like warranty expiry date, and serial number. The depreciation options and related settings provide enough flexibility to meet your accounting requirements. If you're moving from another accounting system or spreadsheet you can import your assets. Just download the template and follow the instructions provided. Register multiple assets in bulk with a single click, saving time. Depreciation can easily be run at any time. Your reports will give you the full picture of your business's performance and position throughout the year. The disposing and selling of assets is simple. Xero does the hard work and automatically creates the accounting journals for you. Xero is forgiving when you make mistakes. Many errors can be corrected on the fly without having to re-run depreciation. Xero recalculates it for you. Both businesses and their advisors can quickly access and view core information about assets on their books: the name, classification for accounting purposes, purchase information, and an asset's book value. Easily review and update Asset Types, Depreciation Methods and default accounts from the list. Finally, seamless accounting and fixed assets for small businesses and their advisors with Xero. Xero is beautiful accounting software for small businesses and their advisors. See your cashflow in real-time with online accounting, invoicing, payroll, billing & banking. Just login and see the difference. Sign up for a free trial at https://www.xero.com/signup Like us on Facebook: http://www.facebook.com/xero.accounting/ Follow us on Instagram: https://www.instagram.com/xero/ Follow us on Twitter: http://www.twitter.com/xero Follow us on LinkedIn: http://www.linkedin.com/company/xero Subscribe to our Youtube Channel here: https://www.youtube.com/user/XeroOnlineAccounting