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Create a Fixed Asset manually

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.

Workflow

Step 1

Open Bookkeeping

Use the highlighted control to continue through the workflow.

Step 2

Open Fixed Assets

Use the highlighted control to continue through the workflow.

Step 3

Open Register

Use the highlighted control to continue through the workflow.

Step 4

Create the asset

Use the highlighted control to continue through the workflow.

Step 5

Enter Asset Name, Asset Tag

Enter the required values carefully so the schedule and journal-entry details calculate correctly.

Step 6

Select Purchase Date

Choose the option that matches the account, period, or schedule you are working with.

Step 7

Select 1

Use the highlighted control to continue through the workflow.

Step 8

Enter Purchase Price and Salvage Value

Enter the required values carefully so the schedule and journal-entry details calculate correctly.

Step 9

Select Salvage Value

Use the highlighted control to continue through the workflow.

Step 10

Select Depreciation Start Date

Choose the option that matches the account, period, or schedule you are working with.

Step 11

Select Asset Account

Choose the option that matches the account, period, or schedule you are working with.

Step 12

Review default depreciation settings

Use the highlighted control to continue through the workflow.

Step 13

Open Register

Use the highlighted control to continue through the workflow.

Step 14

In Register tab, you'll find the one you just created

Use the highlighted control to continue through the workflow.

Step 15

Review the schedule

Confirm the page shows the expected result before continuing to the next step.

Step 16

Post the journal entry

Review the posting details and continue only when the journal-entry information is correct.

Step 17

Post the journal entry

Review the posting details and continue only when the journal-entry information is correct.

Step 18

Journal Entry # 1375 is posted to QBO

Confirm the page shows the expected result before continuing to the next step.

Step 19

Open QBO Balance Sheet, you'll find the depreciation JE

Review the posting details and continue only when the journal-entry information is correct.

Step 20

Select -$55.56

Use the highlighted control to continue through the workflow.

Step 21

Select Press space bar to start a drag.…

Use the highlighted control to continue through the workflow.

When to use this workflow

Use manual creation when the asset should be tracked in Truewind but is not available as an Identification candidate.

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