Change your fixed assets start date

You can change your start date for fixed assets in Xero if you have the Adviser user role. This will affect all your registered and disposed fixed assets.

How are fixed assets affected when you change the start date?

In all cases:

  • Disposed assets revert to registered assets.
  • Xero rolls back book and tax depreciation on all registered assets.

If your fixed assets start date moves forward to equal your tax reporting start date

If your fixed assets start date moves forward to after your tax reporting start date

If your fixed assets start date moves backwards

Before you change your start date

Before you change your fixed assets start date, we recommend you run and publish these reports so you have a record of your fixed assets before the change.

Change the start date for your fixed assets

  1. On the Settings menu, select General Settings.
  2. Under the Features heading, click Fixed Assets.
  3. Click Change Start Date.
  4. Select the new start date.

    Image showing new fixed assets start date selected.

  5. Click Save.
After you change your fixed assets start date, you may wish to export your fixed assets, make changes, then re-import the list to quickly update your assets.

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