Set default accounts for the disposal of fixed assets

If you have the Advisor user role, set up the default accounts to use when you dispose of or sell a fixed asset in your register.

When you dispose of a fixed asset, you are likely to end up with either a gain or loss on the asset. Choose which accounts Xero allocates these gains or losses to.

  1. Go to Settings, then click General Settings.
  2. Scroll down to the Features heading, and click Fixed Assets.
  3. Click the Accounts tab.
  4. Select default accounts:
    • Capital Gain on Disposal and Gain on Disposal - select a revenue account.
    • Loss on Disposal - select an expense account.
  5. Click Save.