How to Add Fixed Assets?
Tracking fixed assets is necessary for effective asset management, accurate financial reporting, and cost control. It enables businesses to optimise asset utilisation, comply with regulations, and make informed decisions regarding maintenance, replacements, and upgrades.
How to do it?
- Select FIXED ASSETS from the menu bar
- Click on the blue CREATE A FIXED ASSET button
- Fill in all the expense information
- After selecting the TYPE OF FIXED ASSET expense, enter additional information through gear icon
- Group
- Depreciation period
- Date of purchase
- Date of entry into service
- Value (excluding VAT)
- Residual value
- Save the expense created
Fixed assets export can be done through list of expenses:
- In the list of expenses choose export and select EXCEL format
Updated on: 21/08/2024
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