Assets

Assets is the fixed asset register workspace: Asset, Asset Category, Location, Asset Movement, Asset Depreciation Schedule and Asset Maintenance, with the cards Asset Value, New Assets (This Year) and Total Assets, and the charts Location-wise and Category-wise Asset Value and Asset Value Analytics. The demo holds office furniture at Rs 40,000 and a Dell laptop at Rs 1,00,000, depreciating straight line with a monthly Depreciation Entry of Rs 1,235.54. The accountant opens it when equipment is bought, moved, repaired or sold, and at month end.

1. 01Go to Assets from the sidebar.
2. 02Read the Asset Value card for the current book value of equipment.
3. 03Click Asset > New for a new purchase, link the Purchase Invoice and pick the category.
4. 04Submit; the Asset Depreciation Schedule is created and posts monthly journals.
5. 05Use Asset Movement when equipment changes location or custodian.
6. 06Open Fixed Asset Register from the reports list for the auditor.

Add equipment, run depreciation, see asset value.

Office furniture Rs 40,000 and Dell laptop Rs 1,00,000.