The Fixed Assets Module allows you to keep track of Fixed Asset purchases, create and maintain depreciation schedules and create depreciation journal entries.
The Fixed Assets Module allows you to manage these key items:
Schedule Type
Choice from the drop down menu: Capital Purchase, Additional Capital, Attachment or None.
Description
Short explanation that depicts the Schedule Type of purchase.
Serial I.D. Number
This is the unique alphanumeric identifier of the asset.
Model
Description of the Model of the Asset.
Date of Acquisition
Date Asset was purchased.
Depreciation Method
The type of deprecation that determines the calculation which will be used to depreciate the asset.
Useful Life of Asset
The length of measurement the Asset will be depreciated over.
Depreciation Frequency
This will default depending on the frequency you choose.
Starting
Enter the Month and Year in which the asset depreciation will be booked.
Total Cost
The specific amount of the Capital Purchase, Additional Capital or Attachment that was booked for the Asset.
Residual Value
The remaining value of the Asset after is has been full depreciated.
Depreciable Value
This is a calculated field which is determined by subtracting the Residual Value from the Total Cost.
Learn how our Fixed Assets module can let you take control of your fixed assets.
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