This course takes you through how to convert the client's fixed assets in Xero. We cover how to set up clients' fixed assets and adding asset pools. These are the more complex aspects of switching a client to Xero.

Fixed assets: Calculate depreciation so they can be listed as an expense on a tax return. Getting this right from the beginning saves you time as the books will remain balanced throughout the year.

Editing report templates: This is done in Xero HQ reports so that you can customize them at the HQ level for the practice. Rather than reusing reports at an organization level, you can gain real efficiencies when you create custom reports to cover a wide number of clients. Making use of the master chart of accounts can be a benefit to you as these have the detailed report mappings built-in and are ready to use with your Xero report templates.

Who should take this course?

Accountants