What is depreciation?
The depreciation reflects in your accounting the loss of value of your assets and it is doing progressively.
If the business makes any change in assets where the depreciation is done, it might be necessary to roll back the depreciation.
How to run depreciation in Xero
Run depreciation
- In the Accounting menu, select Advanced, then click Fixed assets.
- Click Run Depreciation.
- Select the date you want to run depreciation to.
- Review the depreciation preview, then click Confirm.
How to Roll back depreciation in Xero
- In the Accounting menu, select Advanced, then click Fixed assets.
- Click Run Depreciation.
- Click Rollback Depreciation.
- Select the date to roll back to.
- Click Save, then click Confirm
If you need help with this, or with other advice, then please get in touch with our accounting team.