Register a fixed asset

Last updated: June 20, 2026

Learn the concept
This is the step-by-step. For what it is and how it fits the bigger picture, read Assets in the reference.

What this does

Registering an asset puts it on your books and sets how it will depreciate. You can start from scratch or pull it from a document you already raised.

Open Assets

Go to Menu > Fixed Asset > Assets and click Create.

AssetAssetValueMethodStraight line▾Frequency1 Year▾Rate20%Asset NoautoLedger accountsAsset · Depreciation · Accum. Dep.
An asset record, with its depreciation method on the Value tab simplified mockup

The tabs

  • Asset. What it is: Name, Description, Photo, and the product brand, model and serial.
  • Value. How it depreciates: the Method, Frequency and Rate, and the three ledger accounts (Asset, Depreciation and Accum. Dep.).

Steps

  1. On the Asset tab, enter the details and assign a Category.
  2. On the Value tab, set the depreciation Method, Frequency and Rate, and pick the ledger accounts.
  3. Confirm to make the asset active.
Acquire from a document. An asset can be created directly from a purchase invoice, a bill, a journal entry or a reimbursement claim, so its cost carries straight across.

Related

  • Run depreciation
  • Record a purchase invoice