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# 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?
1. Select **FIXED ASSETS** from the menu bar 
![](https://storage.crisp.chat/users/helpdesk/website/a9835b72ea0f8000/screenshot-2024-04-08-at-16413_4895s.png)
2. Click on the blue **CREATE A FIXED ASSET** button
![](https://storage.crisp.chat/users/helpdesk/website/a9835b72ea0f8000/screenshot-2024-04-08-at-16422_19x1cvh.png)
3. Fill in all the expense information
![](https://storage.crisp.chat/users/helpdesk/website/a9835b72ea0f8000/screenshot-2024-04-08-at-16432_1szffo9.png)
4. 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
![](https://storage.crisp.chat/users/helpdesk/website/a9835b72ea0f8000/screenshot-2024-04-08-at-16442_1f3mr3a.png)
5. Save the expense created
![](https://storage.crisp.chat/users/helpdesk/website/a9835b72ea0f8000/screenshot-2024-04-08-at-16450_1t0k4q8.png)
||| If you want to keep fixed assets, you have to apply the CAP (Cumulative Accounting Principle) in the calculation of income and expenses from the moment of recording.

###### Fixed assets export can be done through list of expenses:
1. In the list of expenses choose export and select **EXCEL** format
![](https://storage.crisp.chat/users/helpdesk/website/a9835b72ea0f8000/screenshot-2024-04-08-at-16475_16dtc6d.png)