Assets
Assets
You can keep a register of all your assets.
Asset Types
This helps you to categorize your assets. To view a list of all your asset types, click Assets menu then click Manage Asset Types.
Add Asset Type
To add new asset type , click on Assets menu then click Manage Asset Types then click Add Type.
This will open the asset type create page offering a series of text inputs.
The form contains:
- Name: The name of the asset type
- Cash Account: An Asset account that is credited when purchase asset
- Fixed Asset Account: An Asset account that is debited when purchase asset
- Expense Account: An expense account that is debited when an asset depreciates
- Accumulated Depreciation Account: An Asset account that is credited when asset depreciates
- Income Account: Whether chart is active or not. If it's not active then it won't appear on the list to choose account
- Notes: Any additional details.
View Assets
Clicking View Assets will open assets list page. On this page you will see a table with columns below:
- Name: The name of the asset
- Branch: The branch of the asset
- Type: The asset type
- Purchase Date: The date the asset was purchased
- Cost: The cost of the asset when it was purchased
- Life Span: The life span of the asset
- Salvage Value: The salvage value of the asset
- Current Value: The current value of the asset after depreciation
- Action: Further actions that you can take on the row like edit or details
Add Asset
To add new asset , click on Assets menu then click View Assets then click Add Asset.
This will open the asset create page offering a series of text inputs.
The form contains:
- Branch: The branch of the asset
- Type: The asset type
- Name: The name of the asset
- Purchase Date: The date the asset was purchased
- Cost: The cost of the asset when it was purchased
- Life Span: The life span of the asset
- Salvage Value: The salvage value of the asset
- Notes: Any additional details.
Asset Details
This page shows details about the asset including depreciation values.