Delete a registered fixed asset

If you have the Adviser user role, you can delete a registered fixed asset from your register in Xero. You might do this if a registered asset has been entered in error.

About deleting registered fixed assets

  • If you've sold or given away the asset, dispose of the asset in Xero instead.
  • Xero removes the deleted asset from your organisation, including all depreciation and history.
  • Deleting an asset created by a transaction in Xero (like a bill or expense claim) won't affect the original transaction.
  • If the asset is pooled, you can't delete it if it means Xero has to recalculate pool depreciation for more than one year. You'll need to roll back depreciation and then delete the asset.
  • If you delete a pooled asset after your tax reporting start date, Xero recalculates pool depreciation for the financial year.
  • If you delete a pooled asset before your tax reporting start date, you may need to make an adjustment to your pool's opening balance in Xero.
  • You can't restore a deleted asset. If you delete an asset in error, you'll need to add it again.
  • You can reuse the deleted asset's asset number.

Deleted a registered asset

  1. On the Accounts menu, select Fixed Assets.
  2. Click the Registered tab.
  3. Click the asset number to open the asset details.
  4. Click Options, then select Delete.

    Image showing delete option.

  5. Click Delete to confirm.

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