Table of Contents

Note
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

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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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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

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Each Asset that is to have a financial value must be linked to a Fixed Asset Class

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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

Note
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. To link an Asset Class to an Asset you will require the Secure Feature

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The Asset will have a link to the journal/s - choose link type "Asset" and enter the Asset code to create the link

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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.