Xero fixed asset depreciation & lease accounting in the USA

Automated Xero workflows for the USA

Why choose AssetAccountant when Xero already has a fixed asset register?

  • Scalable to handle as many assets and asset groups as you require (Xero caps at 500 assets)
  • Advanced functionality (eg partial disposal/acquisition, additional cost, reassessments, adjustments, components, units of use, WIP/CIP)
  • Tax and accounts depreciation, side by side
  • Depreciation and leasing calculations, side by side
  • Depreciation and lease liability forecasting
  • Full tracking categories support (eg Profit Centres, Locations, Departments – user defined)
  • Bulk operations (acquisitions, disposals, revaluations, reassessments and more)
  • Consolidated reporting
  • Granular journaling to facilitate bank reconciliations
  • Attachments and Custom Fields

What if you could set and forget?

  • Easy data conversion from your GL or spreadsheet
  • Deep integration with Xero
  • Automatic detection of new fixed assets
  • Automated fixed asset depreciation calculations
  • Detailed reports and journals for posting to the GL
  • In-depth IRS tax treatment and US GAAP compliance
  • Tax and accounting fixed asset depreciation side by side

AssetAccountant – saving you from spreadsheets since 2019

What if lease accounting could be easy?

  • Automate Finance Leases, Hire Purchases and Right of Use assets
  • Generate payment schedules effortlessly
  • Stay on top of current / non-current interest and liability
  • Create granular journals for easy bank reconciliation
  • Manage refinancing, termination and multiple assets per lease
  • Say goodbye to spreadsheets forever

Videos

AssetAccountant – General introduction
Integration with Xero
Lease overview

Why our clients love AssetAccountant

We take depreciation and leasing seriously

We undertake detailed modelling of fixed asset depreciation and lease calculation rules for both accounting and tax.

We monitor changes to IRS tax rulings and accounting standards like US GAAP and ASC 842 so you don’t have to.

And, of course, we are ISO27001 certified.

Ask us anything

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