How Do I Process Fixed Assets?

The following is a checklist for processing fixed assets. If needed, review the checklist for Setting Up Fixed Assets.

1. Calculate depreciation (Activities>Fixed Assets>Calculate Depreciation).
2. Print the Depreciation Calculation report to review calculations (Reports>Fixed Assets>Depreciation Calculation).
3. Review/adjust assets as needed (Activities>Fixed Assets>Review/Adjust Depreciation).
4. Run the Pre-Transfer Depreciation/ Disposals Register using Pre-Transfer (Activities>Fixed Assets>Transfer Depreciation/Disposals).
5. Transfer the session (Activities>Fixed Assets>Transfer Depreciation/Disposals). All fixed asset sessions post immediately at transfer. They will have a JVD (Journal Vouchers - Depreciation/Disposal) transaction type.
6. Run the Reports>Fixed Assets>Summary Asset Ledger to print summary information for all assets which can include depreciation and disposal activities on any given date range.