Table of Contents
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The user requires the Secure Feature "FixedAssetManagement" to use this functionality |
Viewing your Fixed Asset Details
Fixed asset details for any assets with any depreciation journals for the current financial year are displayed in the Fixed Asset Dashboard
Creating Depreciation Journals - a manual monthly end of month task.
If you want to you can delete the depreciation journal that latest was created and create it again. Note you can only delete the most recent journal
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For Depreciation Offset
For Low Value Pool
Setting up Fixed Asset Classifications
Asset Groups link the Asset value and Depreciation value accounts
Normally Asset Accounts and Depreciation Accounts are in the Assets - Fixed Assets section of your GL
The Asset must be owned by the Host Company
Each Asset that is to have a financial value must be linked to a Fixed Asset Class
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Low value Pool Asset ClassThe low value pool has special depreciation calculations.
Each Asset will have its value tracked individually and be visible in the Asset Dashboard like any other Asset. Once you have setup the Low Value Pool nominate it in the GL Control Accounts |
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Supplier invoice to purchase the Asset
Asset value comes from Supplier Invoices that:
- Have a Tax code of CAP
- Have been linked to the Asset at the line level
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Note that the GL code for the Capital value lines will be forced to be the same as the Asset class linked to the Asset |
The Asset will have a link to the journal/s - choose link type "Asset" and enter the Asset code to create the link
Create the Financial Asset Book Value
Once all the Creditor invoices you want to have included in the initial asset value have been linked to the asset - you can create the Asset Financial Value.
The Current book value is found on the Asset Screen
Bringing in Assets that are partially depreciated already
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First setup on the Asset - all the fields required for Depreciation
Access to the create asset value wizard
Then a new button will appear
Use the wizard to enter the values required by the Journal
Then the Journal will be created
And can be found on the Asset later
