Establish the Fixed Asset Types to categorise your Asset register.
Overview
After your Fixed Asset Manager Controls have been set up, you can set up the Fixed Asset Types.
Each Fixed Asset must belong to one Fixed Asset Type.
The Fixed Asset Types are user definable, and must belong to one of the Fixed Asset Groups, that are not user definable.
The Fixed Asset Groups are:
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- Plant and Equipment.
- Land and Buildings.
- Motor Vehicles.
- Other.
To read an overview about the Fixed Assets module, click Fixed Assets: Overview.
Fixed Asset Types
To add a new Fixed asset type:
- Start at Fixed Assets > Fixed asset types.
- Click New fixed asset type.
- Add details for the new Fixed asset type.
- Code: Enter the Code for this new type.
- Description: Enter the Description.
- Fixed asset group: Select the Fixed asset group.
- Click Save.
This takes you to the next screen to set up the depreciation details for this Fixed asset type.
- Select the Depreciation method from the dropdown list.
- Enter the Depreciation rate.
- Click Save and Close.
Adding & Selling Fixed Assets
To read about adding or selling / disposing of your individual Fixed Assets, click here Adding & Selling Fixed Assets.
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