Register, depreciate and dispose of the things your business owns.
| Asset # | Name | Account | Cost | Book value | Depreciation | Cost | Source | Proceeds | Gain/Loss | |
|---|---|---|---|---|---|---|---|---|---|---|
| View → |
All values are GST-exclusive — you're GST-registered. Click an asset to open it. ·
Posts book depreciation for every registered asset up to the date below. Review before posting.
runs everything up to this date — Xero-style, so assets added mid-year catch up
| Asset | Basis | Depreciation |
|---|---|---|
| Total to post | ||
ℹ️Posts to each asset's depreciation-expense and accumulated-depreciation accounts. Assets set to no depreciation (or already fully written off) don't appear here.
Reverses posted depreciation back to the date you choose. Registered assets only; can't cross the lock date or your depreciation start date.
depreciation posted after this date is reversed
| Asset | Basis | Reversed |
|---|---|---|
| Total to reverse | ||
ℹ️Reverses to each asset's depreciation-expense + accumulated-depreciation accounts. Book values go back up. Logged in each asset's history.
Compare the register against the general ledger. A difference usually means a manual journal touched a fixed-asset account.
| Cost | Accum. depreciation | Book value | |
|---|---|---|---|
| General ledger (Balance Sheet) | |||
| Asset register | |||
| Difference |
⚠️The difference is in accumulated depreciation — usually a manual journal posted to the accumulated-depreciation account that the register doesn't track.
✓Register matches the general ledger.
For assets not from the bank feed (bought before Cashbook, owner-contributed).
what the asset is — Cashbook AI suggests the IRD method + rate from this
leave blank for a brand-new purchase; depreciation resumes forward from here
GST-exclusive — depreciation & Investment Boost run on this.
+$ off your taxable income this year (20% of the depreciable cost), then the remaining 80% depreciates.Deduct 20% of the depreciable cost up front, then depreciate the remaining 80%.
Investment Boost not available — the asset must be available for use on or after 22 May 2025 (this one is dated before then).
Boost applies to new (or new-to-NZ) assets only; not land, dwellings, or previously-used assets.
Fixed Assets register — its own page under Accounting → Fixed Assets. A Xero-style index: PageHeader + Drafts / Registered / Disposed tabs + a DataTable. Clicking an asset opens its own detail page (asset-detail.html) — no sidebar, no persistent detail panel. + New asset is manual entry, including the Investment Boost option (disabled for assets dated before 22 May 2025 — the scheme's start date).
Try it: switch tabs; click a row to open the asset; open "New asset" and set a purchase date before 22 May 2025 to see the Boost option disable.