Other functionality, posting transactions and depreciation, and reports for your Fixed Asset register.
Overview
Other features and processes in the Fixed Asset register are noted here.
This includes:
Posting pending transactions,
Post depreciation,
Close Fixed Asset Month and
Fixed Asset Depreciation Schedule.
To read more about Lentune's Fixed Assets module, you can link to these areas:
Post pending transactions
This routine will post transactions to your General Ledger.
This will include transactions for any purchases and sales / disposals of assets that you have created.
For example, for a purchased asset, you will add a transaction in Fixed Assets > New Fixed asset screen. When you Post Transactions, this will create a debit to your Fixed Asset account in the Balance Sheet and a credit to the Purchase Fixed Assets contra account.
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Tip: The other transactions that will be created in your General ledger will occur when the transaction comes in through your Cashbook. Then, when the payment for the new item has been made through your bank, this will create a credit to the Bank account and a debit to the Purchase Fixed Assets contra account. |
- Start at Fixed Assets > Post pending transactions and click Search.
- Click Post fixed assets transactions.
Post depreciation
This routine posts the depreciation for the month for all Fixed assets.
This routine would normally be done at the end of each month.
- Go to Fixed Assets > Post depreciation.
- Select the Month end date: (the current month end will display).
- Click Post depreciation.
Close Fixed Asset Month
This routine closes the Fixed Assets for the month.
This routine would normally be done at the end of each month as part of the system month end processes.
- Go to Fixed Assets > Close Fixed Asset Month.
- Enter the month end date.
- Click Close month.
Fixed Asset Depreciation Schedule
This report shows you the Year to Date and Accumulated depreciation for all Fixed assets.
You may print the report for all details or for a selected Company, Branch or Fixed Asset Type.
- Go to Fixed Assets > Fixed Asset Depreciation Schedule.
- Enter any selections you wish.
- Click View report to view on screen, or:
- Click Export report to export the details to a spreadsheet.
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