Difference between revisions of "How do I set up a fixed asset register?"
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Katy Kitchen (talk | contribs) (Created page with "{{PreRelease}} {{Incomplete}} == Summary == This article explains how to record fixed assets and the depreciation postings to made by the system. == More Information == Go...") |
Katy Kitchen (talk | contribs) (→Amounts) |
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=== Amounts === | === Amounts === | ||
Go to the {{Tab|Amounts}} tab. | Go to the {{Tab|Amounts}} tab. | ||
− | * Enter your your Fixed Asset Nominal {{DataPrompt|Centre}} e.g. {{DataValue|60171 - Motor Vehicles - Current Depn}}. | + | * Enter your your Fixed Asset Nominal {{DataPrompt|Centre}} e.g. {{DataValue|60171 - Motor Vehicles - Current Depn}}. |
+ | |||
+ | {{Tip|The asterix underneath the {{DataPrompt|Asset}} column denotes this line of the journal relates to the asset. the {{KeyPress|F3} function key can be used to set a different line as the asset line if required.}} | ||
+ | |||
* Enter the {{DataPrompt|Amount}} or {{DataPrompt|Percentage}}, depending on your asset settings, as a negative value. | * Enter the {{DataPrompt|Amount}} or {{DataPrompt|Percentage}}, depending on your asset settings, as a negative value. | ||
* Enter a suitable {{DataPrompt|Comment}}. | * Enter a suitable {{DataPrompt|Comment}}. |
Revision as of 16:01, 23 December 2019
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This article or section applies to a Platinum feature currently being developed. Be aware: Content may change. |
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This article or section is under development. Be aware: Content will change as the document progresses. |
Summary
This article explains how to record fixed assets and the depreciation postings to made by the system.
More Information
Go to " Nominal Ledger Maintenance Options Regular Postings".
- Click [Add].
- Create the posting [Details] as per this article.
Asset
- Select the [Asset] tab.
- Set "Asset" to 'Yes'.
- Enter the "Start Date" depreciation begins. This is for reference only. Please note the [Details] tab controls the date the postings will start.
- Enter the "Start value" for the asset i.e. its original nett value.
- Enter the "Current value" for the asset. As postings are made this value will be automatically reduced.
- Set the "Type" to 'Amount' or 'Percentage' depending on the method you wish to use to depreciate the asset.
- Specify whether you wish to use the 'Current' or {{DataValue|Start} value to base the depreciation on.
Amounts
Go to the [Amounts] tab.
- Enter your your Fixed Asset Nominal "Centre" e.g. '60171 - Motor Vehicles - Current Depn'.
{{Tip|The asterix underneath the "Asset" column denotes this line of the journal relates to the asset. the <F3} function key can be used to set a different line as the asset line if required.>
- Enter the "Amount" or "Percentage", depending on your asset settings, as a negative value.
- Enter a suitable "Comment".
- Click [Add].
- Enter the Profit & Loss Centre to post the deprecation value to e.g. 'Z998- Depreciation'.
- Enter the "Amount" or "Percentage", depending on your asset settings, as a positive value.
- Enter a suitable "Comment".
- Click [Done] and [Accept] the record.
Each morning, following the first user log in of the day, the system checks for regular postings and posts the relevant records |
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See more
- How do I set up repetitive journals?
- Why can't I Set up a Regular Journal to Profit & Loss Centres?
- What does nominal review show me?
- How do I Search for a Nominal Centre?