Get started with Fixed asset register /periodandyear/help/fixed-asset-register/get-started section 2025-12-09T11:44:18+01:00 # Get started with Fixed asset register **Fixed Asset Register** is activated for the company from the **Client Register**. Select **Edit Client Company** under **Client Companies** and add the **Additional module** Fixed Asset Register. > [!NOTE] > Only admin users can add the **Additional module** to the client. > The alternative to the **Fixed Asset Register** is the registration of fixed assets in the year-end closing function. This is limited functionality and only allows registration along with the tax return and the annual accounts, and continuous registration throughout the year will not be possible. ### Newly established companies The Fixed Asset Register for newly established companies is put into use by registering the fixed assets in the fixed asset register. ### Import Fixed Assets For companies that keep their fixed assets in another register, you can import data from other sources from the start page (**Fixed Asset Register - Account Overview**): - From the year-end closing in Period & Year - From Finale Operating Assets (only relevant for 2025 and 2026) - Excel spreadsheet - Manual registration of historical acquisitions ### Change General Settings Click the gear icon in the upper right corner to change general settings that may be relevant: - **Accumulated Depreciation** - Use a separate balance sheet account for accumulated depreciation and write-downs. - **Dimensions** - add dimensions as free text on fixed assets and transactions: - Department - Project - Cost Carrier Les mer om [Dimensions.](/periodandyear/help/fixed-asset-register/dimensions) General functionality /periodandyear/help/fixed-asset-register/get-started/general-functionality page 2025-12-09T11:44:18+01:00 # General functionality This topic provides a general description of the functionality in the Fixed Asset Register. ### Depreciation A fixed asset can be depreciated **straight-line** or **percentage-based**, or alternatively, it may not be depreciated at all. **Depreciation type** and **depreciation rate** can be changed during the asset's useful life. * A **lower limit** can be set for depreciation, and the book value will not be depreciated below this amount. * For percentage-based depreciation, an amount for **residual value depreciation** can be set, which depreciates the entire residual value when the book value reaches this level. * It is possible to specify the **rounding** of the book value after the period's depreciation, with options for rounding to **1, 10, 100, or 1000 NOK**, or no rounding. The choice is specified on the individual fixed asset, but it will be suggested for the next fixed asset. ### Impairments * Accumulated depreciation and accumulated impairments are calculated separately. * Reversal of previously recorded impairments is limited to previously recorded impairments. ### Events and Transactions The fixed asset is based on **Events**. All events on a fixed asset are registered with event type and date. > [!NOTE] Note > Only the **last event** on a fixed asset can be edited or deleted. #### Key Information * The fixed asset has a set of fixed information at the top of the registration screen (e.g., ID, name, account, and tax relation). * The amounts on a fixed asset are **transaction-based**. * The fixed asset has depreciation and book value **calculated for its entire lifespan** until it is fully written down. There are different transactions that modify the fixed asset from the date the transaction is registered. #### Transactions All events are the source of transactions on a fixed asset. * Transactions arise from **acquisition, depreciation and impairment, disposal, and opening balances** (for fixed assets first registered from previous periods or merged fixed assets). * The transactions to be included in the **posting voucher** show the **account debit/credit** and the **posting amount**. * The exception is the **Depreciation** transaction, which represents calculated monthly depreciations (as a result of single events or the sum of multiple events). * All transactions are **calculated for the remaining part of the asset's lifespan** and will not be automatically recalculated. ### History and Budget **History:** The Fixed Asset Register retains all **events and transactions**. By selecting a previous period, you can extract reports or generate views based on transactions relevant to the selected period. **Budget:** It is possible to extract reports for **future periods** for existing fixed assets, for example, to use calculated depreciation in budgets. ### Relevant Accounts The following accounts are relevant for a fixed asset and can be selected for the individual fixed asset: * **Balance Account** * **Balance Account for accumulated depreciation** (if selected under settings) * **Depreciation Account in the income statement** The following accounts in the income statement are used based on the reference account in the chart of accounts: | Account Number | Account Description | | :--- | :--- | | 6050 | Impairment of fixed assets | | 6059 | Reversal of impairments | | 3800 | Gain on sale of fixed assets | | 7800 | Loss on sale of fixed assets | | 3819 | Contra account sales revenue non-current assets and intangible assets | Registering starting values /periodandyear/help/fixed-asset-register/get-started/starting-values-previous-year page 2025-12-09T11:44:18+01:00 # Registering starting values ### Registration of opening balances from previous income years The first time the **Fixed Asset Register** is used, existing fixed assets from previous income years can be imported or registered manually. Import can be performed from: - **Year-end closing module in Period & Year** - **Finale Driftsmidler** - **Excel workbook**

Export from Finale Driftsmidler to Period & Year

Finale Driftsmidler can generate an export file (json file) with data from an opened client in Finale Driftsmidler. The file is automatically named by Finale Driftsmidler as follows:

Fixed asset eksport yyyy - clientname.json

  • yyyy - is the year being exported
  • ‘clientname’ - is the name of the client

To export a client, do the following:

  1. Open the client in Finale Fixed Assets.
  2. Select Company - Export to Period & Year.
  3. Select the Period & Year Fixed Assets tab.
  4. Choose the destination folder for the export file.
  5. Click the To file tool button and wait for confirmation that the client has been exported.
This registration or import creates the **Opening balances** event, which will display the following transactions dated to the last day of the preceding income year: - **Acquisition cost from previous years** - **Depreciation from previous years** - **Impairment from previous years** Merger /periodandyear/help/fixed-asset-register/get-started/fixed-assets-merger page 2025-12-09T11:44:18+01:00 # Merger ### Subsequent registration of fixed Assets upon merger When registering fixed assets in connection with a merger, the **New fixed asset from previous period** event is recorded. It is also possible to import these fixed assets from an Excel file using the **Import fixed assets** button on the fixed asset overview. This creates the following transactions in the transaction overview, which will be dated to the last day of the preceding income year: * Acquisition cost from previous years * Depreciation from previous years * Impairment from previous years These transactions will be ignored/filtered out from reports for the preceding income year, and will always only be included when calculating opening balances for subsequent income years.