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Fixed Assets

The Fixed Assets tab is for managing and tracking items of long-term value in a business, such as land, buildings, vehicles, or machinery. It allows users to efficiently and accurately log and monitor both the purchase and accumulated depreciation of these assets over time.

Fixed Assets23

New Fixed Asset

To create new fixed asset, click New Fixed Asset button.

Fixed AssetsNew Fixed Asset

Edit columns

By default, you will see the following columns:

NameDescriptionAcquisition dateAcquisition costDepreciationBook valueStatus
Name Name of Fixed Asset
Description Description of Fixed Asset
Acquisition date When was this Fixed Asset acquired
Acquisition cost This is sum of all transactions allocated to this Fixed Asset
Depreciation This is sum of all Depreciation Entries allocated to this Fixed Asset
Book value This is Acquisition cost minus Depreciation
Status Indicates whether Fixed Asset is active or disposed.

Use Edit columns button to customize what columns should be visible under Fixed Assets tab.

Edit columns

Clicking Edit columns button allows you to add additional columns to better suit your business requirements.

Code Code of Fixed Asset
Depreciation rate Depreciation rate of Fixed Asset
Control account If you are using multiple Control Accounts, this column can show which Control account this Fixed Asset belongs to.