The Fixed Asset Register on Xero
Learn how to use the fixed asset register on Xero, including adding asset types, setting depreciation rates, editing assets, and automating the depreciation process.
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Пікірлер: 8
Thank you thank you so muuuch! I've been taking the self-paced modules in Xero, but since it shows screenshots only, I went to find tutorial videos to help me learn it quickly. I've finished all your Xero vids and I understood it fast. Thank you so much!
@BookkeepingMaster
Жыл бұрын
Great to hear! Thanks so much for watching
Thank you so much
@BookkeepingMaster
5 ай бұрын
You're most welcome
Hey there! I've been thinking about depreciation methods lately. I've noticed that in the UK and Australia, the reducing balance method is quite common, while I'm more familiar with the straight-line method. Since I prefer the straight-line method for its alignment with accounting standards, I was wondering if there's a simple way to convert my assets to the reducing balance method for tax purposes, specifically in XERO. Could you offer any advice or tips on this?
@BookkeepingMaster
3 ай бұрын
Thanks for watching and for the comment. Sorry, I cannot assist with this.
When creating the asset will purchase price always be Excluding VAT for VAT registered entities?
@BookkeepingMaster
3 ай бұрын
Yes, it will. Unless the VAT is not recoverable.