Learn the concept
This is the step-by-step. For what it is and how it fits the bigger picture, read Fixed Assets in the reference.
This is the step-by-step. For what it is and how it fits the bigger picture, read Fixed Assets in the reference.
What this is
Fixed Assets tracks the things your business owns and uses over time: equipment, vehicles, fit-out. It records what you bought, spreads the cost through depreciation, and handles disposal, keeping Finance in step at every step. Open it from Menu > Fixed Asset.
What is inside
- Assets. The register of what you own.
- Category. Groupings for your assets.
- Depreciation. The runs that spread each asset cost over its life.
- Disposal. Selling, scrapping or returning an asset.
How it fits together
An asset can be created straight from a purchase invoice, a bill, a journal or a reimbursement, so what you bought becomes a tracked asset without re-keying. Each stage posts the right accounting entries for you.
Related
- Register a fixed asset
- Run depreciation
- Dispose of an asset