How do I set up a fixed asset register in Xero?
Setting up a fixed asset register in Xero is an important step for businesses that need to track and manage their fixed assets. A fixed asset register is a record of all the physical assets owned by a business, such as buildings, equipment, and vehicles. By setting up a fixed asset register in Xero, businesses can easily track the cost, depreciation, and value of their fixed assets, as well as any associated expenses. This information can be used to make informed decisions about asset purchases, maintenance, and disposal. Additionally, having a fixed asset register in Xero can help businesses comply with tax regulations and ensure accurate financial reporting.