General Ledger - Ability to consolidate depreciation per asset category
Consolidate Depreciation posted to GL per asset category - currently my deprecation is reflecting per asset in the GL expense account. The Asset Register and Depreciation Schedule already serve the purpose of the per line item amount and basis for a reconciliation. Duplicating the detail adds a large amount of data into my GL ,especially when the asset base starts to grow. Please can it rather be consolidated in the GL per asset category per month ?
Vanessa Van Blerk
shared this idea
-
Melissa Bergin
commented
Hi I am currently trialling Xero. The fixed asset function is a major factor in my consideration for moving from another ERP. I can see its benefits, however this function of grouping depreciating charges per month by asset class would be essential for me in order to move across to Xero. With approx.350 assets, it is not feasible to have 350 line items for depreciation each month. Should this be altered to depreciate by asset category - let me know!
Thankyou!