Fixed Assets

Categorize bank transactions as Fixed Assets when they should be tracked for capitalization, resulting in synced transaction detail that can support Fixed Asset registration.

Add a non-depreciation Fixed Asset account when an asset should be tracked without depreciation terms, resulting in a register entry with no depreciation schedule.

Add a partial disposal when only part of an asset is being retired, resulting in an updated register line item, disposal journal entry, and partial disposal term.

Register a Fixed Asset from Identification when it should depreciate over time, resulting in a depreciation schedule ready for assignment and posting.

Review a Fixed Asset schedule after a partial disposal term has been added, resulting in visibility into the updated depreciation schedule and disposal journal entry state.

Create a Fixed Asset directly from the Register tab when it was not created from Identification, resulting in a manually registered asset with a depreciation schedule.

Use the disposal workflow when an asset is leaving service entirely, resulting in a full asset retirement with the related journal-entry details.

Update Fixed Assets settings when thresholds, subaccounts, or posting behavior need to change, resulting in a configuration that matches your accounting policy.

Post depreciation from an asset schedule when the month is ready, resulting in a depreciation journal entry for that asset.

Use one-entry Fixed Assets posting when the month should be posted as a single journal entry, resulting in a consolidated depreciation Journal Entry for the period.

Delete posted depreciation journal entries when a Fixed Asset posting needs to be reversed, resulting in the related schedule returning to an unposted state.