Skip to content
← Share and support customer ideas for Xero

Settings and activity

1 result found

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

    158 votes

    We're glad you're here

    Please sign in to leave feedback
    Signed in as (Sign out)
    Close
    Close

    We’ll send you updates on this idea

    55 comments  ·  Reports & tax » Fixed Assets  ·  Admin →
    How important is this to you?

    We're glad you're here

    Please sign in to leave feedback
    Signed in as (Sign out)
    Close
    Close
    Not in pipeline  ·  AdminKelly Munro (Community Manager, Xero) responded

    Hi community, we appreciate your insights on this idea. We recognise that having depreciation excluded from the Cash basis P&L can limit how useful the report is for understanding overall business performance.

    The distinction you’ve highlighted between a cash basis Profit and Loss report and a Statement of Cash Flows is a helpful one and gives us a better sense of why this feature matters for your reporting and compliance needs.

    For now, creating manual journals is the only available option to include depreciation in cash basis reports. While not ideal, it’s a feasible approach if you need to reflect these adjustments.

    We want to be upfront here that this isn't something we have roadmapped right now, and not likely to be planned soon.

    This may be something we revisit in the future and will make sure to share any updates if the situation changes.

    An error occurred while saving the comment
    Tania Floreancig commented  · 

    This is critical to our firm, we need to run depreciation on a cash basis. I assume we, like many other accounting firms have a large SBE client base and the loss of productivity in having to manually reverse entries and repost is very frustrating.
    Had we have known of this issue before converting from Sage Handisoft we perhaps would have had second thoughts.

    Tania Floreancig supported this idea  ·