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Fixed Assets - Option to Show Depreciation Expense in Cash Basis Reports

This is an ongoing issue for a lot of accountants, as seen in the forums: https://central.xero.com/s/question/0D51N00005Ok9naSAB/regarding-depreciation-not-appearing-on-cash-basis-reports

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Ritesh Kapadia shared this idea  ·   ·  Report…  ·  Admin →
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  • Sheldon Rennie commented  ·   ·  Report

    Please fix immediately! otherwise there no piont to recommend customers to use xero.

  • Richard Li commented  ·   ·  Report

    Please fix immediately! otherwise there no piont to recommend customers to use xero.

  • Felicity Huuma commented  ·   ·  Report

    Please fix this so we can see the depreciation expense in a cash basis report

  • Tina Soedjak commented  ·   ·  Report

    Please Xero, hear our voices. I believe other user clients will have the same issue. Please fix this functionality of being able to see the depreciation in a cash basis report, when the Fixed Asset is used.

  • Sheree Rodda commented  ·   ·  Report

    Please can you fix this issue, it is vitally important as we spend considerable time setting up the fixed asset registers and having to do manual journals just for it to show in the cash financials is very frustrating. Not to mention having to reverse it out again.

  • Michelle Hudson commented  ·   ·  Report

    This is a massive issue for my small runs-on-a-cash-basis business. Please fix urgently!

  • Tony Roberts commented  ·   ·  Report

    I totally support the option to report depreciation on cash reports.

    It also follows that if you set your accounting method in Financial Settings to "Cash Basis" then all reports etc. should default to Cash e.g. the Profit and Loss report always defaults to Accrual.

  • Leilani Coetzee commented  ·   ·  Report

    My opening retained income is out as a result of this issue - please can we have the functionality.

  • Jake Clifford commented  ·   ·  Report

    Fix Deprecation to Display when Running on a Cash Basis. As noted on forums when on a cash basis after running deprecation on fixed assets the system does not reflect the accumulated deprecation or deprecation expense on P&L and Balance sheet. This is a huge issue and bug that needs to be resolved.

  • Kyle Ragins commented  ·   ·  Report

    I am having to consider changing over to accrual based accounting with IRS, just because of this!

  • Trevor Courtney commented  ·   ·  Report

    I don't understand why Xero is steering us into this depreciation function which accomplishes nothing for companies with cash basis reporting. You have wasted hours of my time and created enormous frustration. This is a basic accounting function. At least include a warning that entering fixed assets and running depreciation is going to fail.

    The current Xero process of getting an cash basis income statement to report depreciation isn't acceptable. I still don't fully understand it and it's wasting more hours of my time. Please fix this.

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