Fixed Assets

“This page provides all the information about the fixed assets page, how to access it, its features, and how to add a new asset.

To access the ‘Fixed Assets’ page, please follow these steps:

• Start by clicking on the ‘Assets’ section from the main menu in the system.
• Then, you will be taken to the Assets screen. Look for the ‘Asset Structure’ window in the top toolbar of the page.
• Click on this ‘Asset Structure’ window, then press the link to the ‘Fixed Assets’ page.

Options and Features of the ‘Fixed Assets’ Page:

• The system provides a variety of functions related to fixed assets. Whether you want to add a new asset, edit an existing one, or delete them as needed.
• The system offers an easy-to-use interface for entering asset details effortlessly. You can fill in essential information such as the name and provide a clear description if necessary. You can also categorize the assets for better organization.
• In addition to data input, you can review fixed asset data in an organized and easily readable manner. This includes a list of all registered assets with the ability to search and sort by various factors.
• Thanks to this page, you will be able to efficiently manage fixed assets. These tools will enable you to achieve higher efficiency and make better decisions based on accurate and up-to-date information.

Explanation of how to add a ‘New Asset’:

Start by clicking on the ‘New Fixed Asset’ link available at the top of the page.

• You will need to enter the general settings for the asset, including the following:

  1. Fixed Asset Code: Enter the unique code that identifies the asset.
  2. Asset Name: Enter the asset’s name and provide a clear description.
  3. Category: Choose the asset’s category from the relevant dropdown list, such as ‘Transportation – Private Cars – …’.
  4. Tax Type: Select the appropriate tax type for the asset.
  5. Unit of Measurement: Choose the suitable unit of measurement for the asset, such as number, kilograms, liters, based on the asset’s measurements.
  6. Class: Select the appropriate class for the asset, such as ‘Vehicles – Buildings – …’.
  7. Depreciation Method: Choose the appropriate method for calculating depreciation, for example, ‘Straight-Line Depreciation – Full Asset Depreciation – …’.
  8. Tax Rate: The tax rate defaults based on the selected class.
  9. Depreciation Start Date: Specify the start date of asset usage.
  10. Sales Account: Select the appropriate account for accounting entries related to asset sales.
  11. Asset Account: Choose the suitable account for asset purchase transactions.
  12. Depreciation Account: Select the account used for recording depreciation.
  13. Disposal Account: If there is disposal of the asset, choose the appropriate account for this purpose.

After completing the above steps, add a realistic and clear image of the asset you intend to add. Carefully select the asset’s status, whether it will be active or inactive.

• 1. Active: If you choose this option, the product will be available for purchase in the system.
  2. Inactive: If you choose this option, the product will be hidden from the system and will not be visible to users. This feature can be used to temporarily disable the asset.

Finally, click the ‘Add New Inventory Item’ button to complete the process.

With this guide, you now have a comprehensive understanding of how to access the Fixed Assets page, its various uses, and how to add a new fixed asset to the system.”