Accounting
Maintain fixed assets and depreciation
Register purchases and transfers, then review monthly straight-line depreciation schedules.
When to use it
- Register a newly purchased asset
- Bring an existing asset into the system
- Review a depreciation schedule
Before you begin
- Prepare asset identity, dates, cost, residual value, and useful life
- Use the correct client workspace
How to use it
- 01
Open Fixed assets
Expand Assets and choose Fixed assets.
- 02
Choose the entry type
Use New purchase for an acquired asset or Transfer-in for an existing asset brought into the system.
- 03
Enter asset values
Complete the asset details, acquisition or transfer data, useful life, and residual value.
- 04
Review depreciation
Save the asset and inspect the generated monthly straight-line schedule before relying on it.
System screenshot
What happens next
The asset and its depreciation schedule are available for ongoing accounting work.
Good to know
- Review dates and useful life carefully before saving.
- The current page focuses on fixed-asset records and straight-line schedules.