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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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  • vonda henry commented  ·   ·  Report

    I would like to be able to run depreciation on cash basis financials without having to make two journal entries. Can we have a button that said (cash basis with depreciation)

  • Tash Lennon commented  ·   ·  Report

    Definitely something that needs to be fixed, too much time spent to try and fix only to then realise it was a Xero issue and not a user issue. Very frustrating!

  • 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.

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