Fixed asset overview

The fixed asset overview displays all fixed assets according to the selected filter. You can also filter by account or search by description.

Add a new fixed asset

You can add and edit fixed assets under the Fixed Asset Overview menu.

Click the New fixed asset button at the top right to create a new asset.

Based on the selected account, the system remembers previous entries; the last asset registered on the same account will be used as a template for the properties of the new asset.

You can select the Accounting depreciation type, which can be linear, percentage-based (percentage of the remaining balance on an annual basis), or no depreciation.

You can select the depreciation type under Tax depreciation. Based on the selected depreciation type and previous asset registrations on the same account, Periode & År will suggest relevant options.

To add an existing asset with values from a previous period/year, select New asset from previous period instead.

Add a new event to an existing fixed asset

The various events for a fixed asset are:

• New asset which sets fixed information, initializes acquisition cost, and calculates depreciation for the entire useful life.
• New asset from previous period which sets fixed information, initializes acquisition cost and book value at the time of registration, and calculates depreciation for the remainder of the useful life.
  • Start value at first-time use.
  • Merged asset (Acquisition through merger).
• Capital expenditure (Addition) where subsequent improvements are registered and depreciation is recalculated for following periods by depreciating the addition over the remaining useful life.
• Impairment of book value, which also recalculates subsequent periods by shortening the remaining depreciation period, as monthly depreciation in following periods remains unchanged.
• Reversal of impairment which also recalculates subsequent periods by extending the remaining depreciation period, as monthly depreciation in following periods remains unchanged.
• Change of monthly depreciation effective from the date the change is registered.
• Manual adjustment of depreciation for a specific month by registering an adjustment amount.
• Disposal where the sales price and event date are used to calculate gain or loss at the time of the event. This will generate accounting transactions at the time of disposal and remove subsequent depreciations from the register.

When registering the disposal of fixed assets, it is possible to record the amount listed as sales income. It is therefore not necessary to post the sales income directly to the fixed asset account manually; this can be handled by the transfer of postings from the fixed asset register to the ERP system. This will create a transaction debiting account 3819 and crediting the balance sheet account with the registered amount.