Fixed assets ›

Cost basis
Value
Accumulated depreciation
YTD depreciation

All values are GST-exclusive — you're GST-registered.

Details

Asset name
Asset number
Depreciation start date
Purchase date
Purchase price (excl. GST)
Investment Boost
Prior accumulated depreciation
0.00

Accounts

Asset account
Accumulated depreciation account
Depreciation expense account
Private use account
–

Pre-filled from the fixed-asset account; editable per asset.

Book depreciation settings

Depreciation start date
Depreciation method
Averaging method
Rate
Cost limit
–
Residual value
–
Private use
–

ℹ️Changing the method or rate applies from the next depreciation run. To restate depreciation already posted: turn off automatic depreciation, roll back to the date, change the setting, then run depreciation again.

Value

BasisCost basisValueAccumulated depreciationYTD depreciation
Book

History & notes

  1. Registered from a reconciled bank transaction
    · cost (excl. GST) · · Investment Boost claimed
  2. Monthly depreciation posted
    to 31 May 2026 · accumulated · book value now
  3. Depreciation
    posts when depreciation is run (or monthly, if automatic depreciation is on for the cashbook)

To reverse the registration entirely, use — it unwinds the asset and its depreciation back to the source bank transaction.

⚙️Edit depreciation settings
%

ℹ️This applies from your next depreciation run. Depreciation already posted isn't recalculated.

To restate depreciation already posted: on the Fixed Assets page, turn automatic depreciation off → Roll back to the date → save this change → Run depreciation again.

↩️Un-reconcile this asset?

This reverses the registration of and sends its source transaction back to To Reconcile.

This will also:

  • reverse the of depreciation already posted
  • remove the asset from the Fixed Assets register
  • unlink the bank transaction so you can re-code it

🔒Periods up to 31 Mar 2026 are locked — depreciation in a locked period can't be reversed, so un-reconcile is blocked if any of it falls before the lock date.

$

what you sold it for — when disposed via the bank feed this comes from the transaction

ℹ️No depreciation is claimed in the year of disposal — any posted this financial year is reversed automatically. (IRD rule, handled for you.)

Disposal summary (book basis):

Cost
Accumulated depreciation
Book value
Sale proceeds

Journal

AccountDebitCredit
Proceeds (to bank)
860 · Loss on Asset Disposal
860 · Gain on Asset Disposal
Total

ℹ️GST of is collected on the sale and reported in your GST return.