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ASC 842 lessee · built-in export

Lease accounting for Xero

Xero handles the ledger well but leaves ASC 842 entirely to you. There's no right-of-use asset, no lease liability that accretes interest, no schedule. That work has to happen somewhere before it reaches Xero.

Start free How exports work

ROU Asset is that somewhere. Enter a lease once and it produces the classification, the schedule, and the period entries. Export a Xero manual-journal CSV, import it, and the numbers match the maturity and roll-forward reports to the cent.

Exporting to Xero

At close you pick the Xero (Manual Journal) layout and export the batch.

  1. 1Approve the month's entries in ROU Asset.
  2. 2Choose the Xero (Manual Journal) format and export.
  3. 3Import the CSV under Accounting → Manual Journals in Xero.
  4. 4Review and post — it's already balanced by account code.
Columns in the file
*DateNarration*AccountCodeDescriptionDebitCredit
app.rouasset.com/entries
February 2026
Odoo (Journal Items)Export batch
AccountDebitCredit
Interest Expense2,528.44
Lease Liability7,471.56
Lease Clearing10,000.00
ROU Amortization Exp.8,653.97
Accum. Amort. — ROU8,653.97
Balanced18,653.9718,653.97

What ROU Asset handles before it reaches Xero

  • ASC 842 five-test classification, with the inputs stored for audit
  • Finance and operating schedules that round to the cent and true to zero
  • Modifications, reassessments, impairments, terminations, and mid-life onboarding
  • Balanced journal entries generated per period, with an approval step
  • Maturity, roll-forward, and disclosure reports that reconcile to 0.00

Xero questions

Do I use Xero account codes?

Yes. You map each lease account slot to a Xero account code in Settings, and the export writes those codes into the *AccountCode column Xero expects.

Will the date format work?

The Xero layout exports dates as dd/MM/yyyy, which is what the manual-journal import reads. If your org needs something else, a custom template lets you set any date format.

Other accounting systems
QuickBooks OnlineNetSuiteOdooSage IntacctMicrosoft Dynamics 365

Put ASC 842 next to Xero

Keep your GL. Let ROU Asset do the lease math and hand it a file that imports clean.

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Lease accounting for Xero — ASC 842 | ROU Asset