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

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    55 comments  ·  Reports & tax » Fixed Assets  ·  Admin →
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    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.

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    Jorgen Kloppenburg commented  · 

    This is the workaround that I received from a Xero Partner Assist Specialist today:

    'To include depreciation amounts on your cash reports, you'll need to add two manual journals:

    One to reverse the Xero-created journal – ensure 'Show journal on cash basis reports' is unticked, then click Post

    One to add a journal the same as the Xero-created one – ensure 'Show journal on cash basis reports' is ticked, then click Post'

    This is not ideal, but at least there is a way to include depreciation expense in a cash basis P&L (without double counting).

    Jorgen Kloppenburg supported this idea  ·