New Fixed Asset

A Fixed Asset is a long-term tangible piece of property or equipment that a firm owns and uses in its operations to generate income. Fixed assets are not expected to be consumed or converted into cash within a year. Fixed...

New Purchase

A Purchase means to take possession of a given asset, property, item or right by paying a predetermined amount of money for the transaction to be completed successfully. In other words, its an exchange of money for a particular good...

New Location Transfers

Location Transfer is used to ship items from one location to another location as part of your standard inventory management. But its connected with machines and plant equipment's. Of course the transfer is simply marked here. its available for transferrable...

New Disposal

Disposal of eliminating assets from the accounting records. It requires to remove all traces of an asset from the Balance sheet, It may also requires to record the gain or loss because of this asset. The process of disposal is to...

New Sale

An Fixed Assets Sale occurs when a company or other type of firm sells its receivables to another party. A type of non recourse sale, it occurs for a variety of reasons, including to mitigate asset-related risk, obtain free-cash flows,...

Fixed Assets List and Inquiry

The Fixed Asset Management screen allows you to view, manage, and perform actions on your assets. This screen lists all assets along with their critical details, such as their purchase date, depreciation method, current value, and status.Key Components:Asset List View:#...

Movements

The Fixed Asset Movement screen allows you to track and monitor the movement of your fixed assets over a specified period. This screen provides a detailed view of the assets' quantity in, quantity out, and quantity on hand across different...

Fixed Assets Location

When purchasing a fixed asset, it's essential to specify the location and depreciation class, along with other relevant details such as the category. Properly managing asset locations ensures accurate tracking and effective depreciation of assets over time.Accessing Location Settings:To set...

Fixed Asset Classes

In managing fixed assets, it's crucial to classify them properly for accurate depreciation and financial reporting. The Fixed Asset Class feature allows you to define different asset classes, assign depreciation rates, and organize assets under a structured hierarchy.Accessing Fixed Asset...

Fixed Assets Categories List and Inquiry

The Fixed Assets Category screen allows you to manage and categorize your fixed assets effectively. This categorization is crucial for accurate accounting, depreciation, and asset tracking.Key Components:Category List:Name: The name of the fixed asset category (e.g., "Servers"). This is the...