The Starting Balances - Fixed Assets screen allows you to set up starting balances for your fixed assets that you have created under the Fixed Assets tab. This is essential when beginning to use Manager for existing assets, ensuring your accounts reflect the correct values from the start date.
To create a new starting balance for a fixed asset:
Click on the New Starting Balance button.
Screenshot: Creating a new starting balance for a fixed asset
You will be taken to the Starting Balance screen for the fixed asset. Here, you can enter the asset's initial cost and accumulated depreciation up to your chosen start date.
For detailed instructions on completing the starting balance form, see Fixed Asset Starting Balance Form.