Entering Fixed Asset transactions

You may set up your Fixed Asset nominals and codes before you start entering transactions or you may add the codes as you go along. See Fixed Assets in the General Setup section.

Opening Fixed Assets

See the Opening Balances section of Data Entry.

Invoices and Bank transactions

When entering invoices or bank transactions which include Fixed Assets, extra information will need to be added to the item line.

Once a Fixed Asset nominal has been entered on an item line, a new section will open on the right hand side which is where you enter the Asset Details.

If you use the search icon it will show you a list of assets which are linked to the nominal. Either select the required asset code or create a new one. 

Then select the Method being used in this transaction from the drop-down menu:

Once you have entered this information you can close the Asset Details area by clicking on the blue bar. As long as you are on an item line which has a Fixed Asset nominal in it, you can open the Asset Details section using the blue bar. If the nominal is not of the type Fixed Asset then the bar does not appear.