Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 6 years ago on .
presented by
Mortgage and fixed asset setup in Xero help?
Xero users, I need some help. I've moved from Excel to Xero and am need of some help setting up accounts for an LLC started last year. I've been trying to piece together how to do this from lots of Xero help topics and forum posts, but can't get a straight answer on how to do this.
This is for a property purchased in 15 years ago that we moved into the LLC last year. Not sure how the opening balances for the fixed asset need to be setup for correct depreciation.
Also not quite sure how to set up the loan correctly so that principal and interest are accounted for correctly.
Any advice? I'm willing to pay, too.