Manage fixed assets /visma-net-erp/help/fixed-assets/manage-fixed-assets section 2026-02-19T17:09:06+01:00 # Manage fixed assets About fixed asset types /visma-net-erp/help/fixed-assets/manage-fixed-assets/about-fixed-asset-types page The fixed assets can be one of the following types: 2026-02-19T17:09:06+01:00 # About fixed asset types The fixed assets can be one of the following types: + Land, buildings, equipment, vehicles, furniture, fixtures ( **tangible** assets or those that have physical substance) + Copyright, goodwill, computer software, patents ( **Intangible** assets or those that have no physical substance) In Visma Net, you need to specify an asset type for each fixed asset that you create in the system in the [Fixed assets (FA303000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-assets-fa303000/) window. Specifying an asset type allows you to organise all your fixed assets by their function. You must also specify an asset type for each fixed asset class that you create in the system by using the [Fixed asset classes (FA201000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-asset-classes-fa201000/) window because a fixed asset class allows you to group fixed assets with a similar properties (which includes the asset type as well). ## Predefined asset types When you create a fixed asset in the [Fixed assets (FA303000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-assets-fa303000/) window or a fixed asset class in the [Fixed asset classes (FA201000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-asset-classes-fa201000/) window, you can select an asset type from the list of predefined asset types available in the **Asset type** field. The list of predefined asset types includes the following types: **Building**, **Computers**, **Copyrights**, **Equipment**, **Furniture**, **Goodwill**, **Land**, **Machinery**, **Patents**, **Software**, and **Vehicle**. If the list of default asset types does not include a particular asset type that you need, you can create a new asset type manually. ## Adding a new asset type You use the [Fixed asset types (FA201010)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-asset-types-fa201010/) window to add a new asset type. You can add a new asset type, and edit or delete an existing asset type. > [!NOTE] > You cannot delete an asset type if it is already specified for any fixed asset or fixed asset class. While creating a new asset type, you define its name with a brief description, and specify whether assets of this type are tangible or intangible (by selecting the **Tangible** check box). After you have created and saved a required asset type in the system, it becomes available in the list of all asset types in the **Asset type** field in the [Fixed assets (FA303000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-assets-fa303000/) window or the [Fixed asset classes (FA201000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-asset-classes-fa201000/) window. ## Fixed asset hierarchy In Visma Net, the fixed asset hierarchy is a group of relationships between parent and child assets. A fixed asset can have an unlimited number of child assets (also referred to as **components**) and only one parent asset. To build a fixed asset hierarchy, take into account what assets consist of and how assets will be replaced at the end of their useful life. ### Creating a hierarchy of fixed assets You can use the following windows to organise the hierarchy of fixed assets: [Fixed asset classes (FA201000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-asset-classes-fa201000/), [Fixed assets (FA303000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-assets-fa303000/), and [Convert purchases to assets (FA504500)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/convert-purchases-to-assets-fa504500/). + In the [Fixed asset classes (FA201000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-asset-classes-fa201000/) window, you can specify a parent class for a fixed asset class. + In the [Fixed assets (FA303000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-assets-fa303000/) window, you can select a **Parent asset** for the fixed asset in the top part. If you do, the current (child) asset and its details will appear on the **Components** tab for the parent asset. + An asset cannot be a parent and a child of the same fixed asset. + You can also organise the hierarchy of fixed assets as you convert purchased items into fixed assets. + You can specify units of items that you want to convert as components of selected assets on the **Reconciliation** tab of the [Fixed assets (FA303000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-assets-fa303000/) window and in the [Convert purchases to assets (FA504500)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/convert-purchases-to-assets-fa504500/) window.

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Windows

 About types of fixed asset transactions /visma-net-erp/help/fixed-assets/manage-fixed-assets/about-types-of-fixed-asset-transactions page The system adds records for every transaction. 2026-02-19T17:09:06+01:00 # About types of fixed asset transactions The system adds records for every transaction. The types of transactions are described in detail below in this topic. ## Purchasing + Through this transaction, the cost of the asset transfers from the fixed asset accrual account (by default) to the fixed assets account, indicating that a new asset has been acquired. The accounting transactions can be illustrated as follows (if the default accounts are selected). |Account|Debit|Credit| |---|---|---| |Fixed assets account|Amount|0.0| |Fixed assets accrual account|0.0|Amount| The **Purchasing +** transaction is generated by the system, once an asset is created in the system either manually in the [Fixed assets (FA303000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-assets-fa303000/) window, or by converting a purchase to an asset in the [Convert purchases to assets (FA504500)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/convert-purchases-to-assets-fa504500/) window. The system uses the date (and its financial period) of the asset purchase document (specified in the **Receipt date** field) as the date and period of the **Purchasing +** transaction. ## Purchasing – Through this transaction, the cost of the asset transfers from the fixed assets account to the account specified in the acquisition document (by default, the fixed assets accrual account) when you reverse the asset acquisition. The accounting transactions can be illustrated as follows (if the default accounts are selected). |Account|Debit|Credit| |---|---|---| |FA accrual account|Amount|0.0| |Fixed assets account|0.0|Amount| ## Reconciliation + and Reconciliation – Through this transaction, the cost of the fixed asset is reconciled with the appropriate purchasing transaction or transactions. |Account|Debit|Credit| |---|---|---| |Fixed assets accrual account The asset account that is used to record the cost of purchased items that have not been put into service yet. This account is specified for the fixed asset in the **Fixed assets accrual account** field on the **General ledger accounts** tab of the [Fixed assets (FA303000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-assets-fa303000/) window.|Amount|0.0| |Account An account that has been specified in the document (such as an supplier ledger invoice) or the account that has been debited by purchasing of the item.|0.0|Amount| The Reconciliation + transactions are generated automatically when you convert purchases to assets, increase the asset net book value, or enter assets in the initialisation mode. The Reconciliation – transactions are generated automatically when you decrease the net book value of an asset. ## Depreciation + This transaction type is used to record the depreciation incurred during the financial period. |Account|Debit|Credit| |---|---|---| |Depreciation expense account|Amount|0.0| |Accumulated depreciation account|0.0|Amount| ## Depreciation – This transaction type indicates that the accumulated depreciation amount was decreased on the accumulated depreciation account, for example, as a result of the disposal reverse of the asset. |Account|Debit|Credit| |---|---|---| |Accumulated depreciation account|Amount|0.0| |Depreciation expense account|0.0|Amount| ## Depreciation adjusting + and Depreciation adjusting – Transactions of this type are generated when the system updates the balance of the accumulated depreciation account. For example: When the asset is split, this transaction displays the amount of depreciation that was added to the new asset. |Account|Debit|Credit| |---|---|---| |Accumulated depreciation account|Amount|0.0| |Accumulated depreciation account|0.0|Amount| ## Calculated + This system-generated transaction occurs automatically when you calculate depreciation for an asset. When the transaction is released, it transforms to a **Depreciation +** transaction. ## Calculated – This system-generated transaction occurs automatically when you reverse depreciation for an asset. When the transaction is released, it transforms to a **Depreciation –** transaction. ## Purchasing disposal and sale/dispose + Through these transactions, the system records the proceeds from the sale or disposal of the asset. ## Purchase reversal and sale/dispose – These transactions are generated by the system when you reverse the disposal of the asset. ## Transfer purchasing This transaction type indicates that a newly acquired asset that has not yet been depreciated has changed its location, custodian, or department. This system-generated transaction allows for using the other subaccount for the asset. ## Transfer depreciation This transaction type indicates that the asset that has been depreciated has changed its location, custodian, or department. This system-generated transaction allows for using the other subaccount for the asset.

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Windows

 About fixed asset adjustment transactions /visma-net-erp/help/fixed-assets/manage-fixed-assets/about-fixed-asset-adjustment-transactions page Generally, transactions related to fixed asset maintenance (such as the acquisition or depreciation of assets) are created in the system automatically right after you create or depreciate an asset. 2026-02-19T17:09:06+01:00 # About fixed asset adjustment transactions Generally, transactions related to fixed asset maintenance (such as the acquisition or depreciation of assets) are created in the system automatically right after you create or depreciate an asset. Generally, transactions related to fixed asset maintenance (such as the acquisition or depreciation of assets) are created in the system automatically right after you create or depreciate an asset. You can review the list of transactions related to a particular asset on the **Transaction history** tab of the [Fixed assets (FA303000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-assets-fa303000/) window. Sometimes you may need to change the fixed asset amounts posted in the system, such as the amount of the depreciation of the selected fixed asset in a particular period, or the depreciable basis for the asset. In these cases, you can create an adjusting transaction manually by using the [Fixed asset transactions (FA301000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-asset-transactions-fa301000/) window. An amount of the transaction that you create will update a required amount (depending on the transaction type that you have specified). When you create a new transaction, select an asset, the book that will be affected, and the type of transaction being created, and specify the transaction amount. You can manually create the following types of adjusting transactions:
Type Description
Purchasing +

Through this transaction, the depreciable basis of the fixed asset specified in the transaction will be updated, so that since the period of this transaction, the depreciation will be calculated according to the recalculated depreciable basis.

Then the system updates the current cost of the fixed asset (the Current cost field on the Balance tab of the Fixed assets (FA303000) window) and the depreciable basis (the Basis field on the Balance tab of the Fixed assets (FA303000) window) to calculate the depreciation expenses of the selected asset.

Note

The changes will affect the selected book only.
Depreciation+

Through this transaction, the depreciation amount calculated in a particular period for the fixed asset specified in this transaction will be updated.

The system updates the amount in the Depreciated field on the Depreciation history tab in the Fixed assets (FA303000) window immediately after releasing the Depreciation+ transaction.

This adjusting transaction will affect the selected book only.

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Windows

 Fixed asset classes /visma-net-erp/help/fixed-assets/manage-fixed-assets/fixed-asset-classes section You create new asset classes by using the Fixed asset classes (FA201000) window, as described in: Create an asset class Alternatively, you can copy an existing class to create a similar asset class, as described in: Create an asset class by copying an existing class 2026-02-19T17:09:06+01:00 # Fixed asset classes You create new asset classes by using the Fixed asset classes (FA201000) window, as described in: Create an asset class Alternatively, you can copy an existing class to create a similar asset class, as described in: Create an asset class by copying an existing class For more information: [Fixed asset classes (FA201000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-asset-classes-fa201000/), [Create an asset class](/visma-net-erp/help/fixed-assets/manage-fixed-assets/fixed-asset-classes/create-an-asset-class/), [Create an asset class by copying an existing class](/visma-net-erp/help/fixed-assets/manage-fixed-assets/fixed-asset-classes/create-an-asset-class-by-copying-an-existing-class/). You create new asset classes by using the [Fixed asset classes (FA201000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-asset-classes-fa201000/) window, as described in: [Create an asset class](/visma-net-erp/help/fixed-assets/manage-fixed-assets/fixed-asset-classes/create-an-asset-class/) Alternatively, you can copy an existing class to create a similar asset class, as described in: [Create an asset class by copying an existing class](/visma-net-erp/help/fixed-assets/manage-fixed-assets/fixed-asset-classes/create-an-asset-class-by-copying-an-existing-class/) Fixed assets classes serve the following purposes: + To group assets into categories having a similar nature, function, or use in your company's business. + To provide default settings when you add an asset to the system and assign the asset to a particular class. Most of the defaults can be overridden. You can configure separate classes for tangible and intangible assets of different types with a different estimated useful life, or create a separate asset class for a non-depreciating fixed assets. ## Default values provided by an asset class + When you create an asset class, you specify the default settings for all the assets of the class. + You can associate multiple books with the class, each with its own depreciation settings. You have to add the posting book if you want to post to the general ledger the transactions generated for the assets of the class. + You can use accelerated depreciation of all the books that use the straight line depreciation method and Dutch method 2. Note that you will be able to associate the assets of the class with only the books that you select for the class. + The general ledger accounts assigned to the class define most of the accounts that will be used to record the transactions for the assets of the class.

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Windows

 Create an asset class /visma-net-erp/help/fixed-assets/manage-fixed-assets/fixed-asset-classes/create-an-asset-class section 2026-02-19T17:09:06+01:00 # Create an asset class 1. Go to the [Fixed asset classes (FA201000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-asset-classes-fa201000/) window. 1. Click ![icon-add](/media/visma-net-erp/icon-add.png). 1. In the **Asset class ID** field, type the unique identifier for the asset class. 1. Optional: Select the parent class for the asset class you want to add. 1. In the **Description** field, briefly describe the class. 1. If you want to make the class available when users add assets, select the **Active** check box. 1. If you want to give the new assets of the class the **On hold** status, select the **Hold on entry** check box. 1. On the **General settings** tab, perform the following steps: 1. In the **Asset type** field, select the asset type of the assets of the class. 1. If the class is to be associated with tangible assets, the **Tangible** check box will be selected by the system automatically. Otherwise, it will be cleared. 1. In the **Useful life, years** field, specify the useful life of assets of the class in years. 1. To use accelerated depreciation for the assets of the class, select the **Accelerated depreciation for Straight line deprec. method and Dutch method 2** check box. This setting will be applied to all the books of the class that use the straight line depreciation method. 1. On the **Depreciation settings** tab, define the list of books available for the assets and the depreciation settings for those books. Do one of the following: + For every book that may be associated with the assets of the class, perform these steps: 1. In the **Useful life, years** column, specify the useful life of the assets of the class in years for the selected book. 1. In the **Class method** column, select the depreciation method to be used to report asset depreciation in the selected book. 1. In the **Averaging conversion** column, specify the averaging conversion for the selected depreciation method. 1. If the assets of the class are to have a bonus, select the **Bonus** check box. + For every book that should not be available for the assets of the class, perform these steps: 1. Select the book in the table. 1. Click **Delete row**. 1. On the **General ledger accounts** tab, specify the default general ledger accounts and subaccounts to be used to record transactions of the assets of the class. 1. Click ![icon-save](/media/visma-net-erp/icon-save.png). > [!CAUTION] > You can later delete the asset class only if no assets have been associated with it.

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Windows

 Create an asset class by copying an existing class /visma-net-erp/help/fixed-assets/manage-fixed-assets/fixed-asset-classes/create-an-asset-class-by-copying-an-existing-class section You can define a new asset class from scratch, as described in: Create an asset class The Fixed asset classes (FA201000) window also gives you the ability to copy the configuration of an existing class to use it as the base for the new class. 2026-02-19T17:09:06+01:00 # Create an asset class by copying an existing class You can define a new asset class from scratch, as described in: Create an asset class The Fixed asset classes (FA201000) window also gives you the ability to copy the configuration of an existing class to use it as the base for the new class. For more information: [Create an asset class](/visma-net-erp/help/fixed-assets/manage-fixed-assets/fixed-asset-classes/create-an-asset-class/), [Fixed asset classes (FA201000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-asset-classes-fa201000/). You can define a new asset class from scratch, as described in: [Create an asset class](/visma-net-erp/help/fixed-assets/manage-fixed-assets/fixed-asset-classes/create-an-asset-class/) The [Fixed asset classes (FA201000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-asset-classes-fa201000/) window also gives you the ability to copy the configuration of an existing class to use it as the base for the new class. 1. Go to The [Fixed asset classes (FA201000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-asset-classes-fa201000/) window. 1. In the **Asset class ID** field, select the asset class whose configuration you want to use as the base for the new class. 1. Select **Clipboard**, and then click **Copy**. 1. Click ![icon-add](/media/visma-net-erp/icon-add.png). 1. In the **Asset class ID** field, type the unique identifier for the asset class. 1. In the toolbar, select **Clipboard**, and then click **Paste**. The settings of the class you copied are pasted to the new class. 1. Review the settings of the new class, and make any required changes. 1. Click ![icon-save](/media/visma-net-erp/icon-save.png). > [!CAUTION] > You can later delete an asset class only if no assets have been associated with it.

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Windows

 Fixed asset entry /visma-net-erp/help/fixed-assets/manage-fixed-assets/fixed-asset-entry section 2026-02-19T17:09:06+01:00 # Fixed asset entry About fixed asset entry /visma-net-erp/help/fixed-assets/manage-fixed-assets/fixed-asset-entry/about-fixed-asset-entry page Your organisation can acquire fixed assets in a variety of ways, including construction, purchasing, and contribution to the authorised capital from the founders. 2026-02-19T17:09:06+01:00 # About fixed asset entry Your organisation can acquire fixed assets in a variety of ways, including construction, purchasing, and contribution to the authorised capital from the founders. You create a record for each of the organisation's fixed assets that you want to manage by using Visma Net. If you have made a mistake when creating the record for an asset, you may delete or annul the asset, and then record the asset correctly. ## Entering a fixed asset To enter assets one at a time, you use the [Fixed assets (FA303000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-assets-fa303000/) window, which is the primary data entry form for the Fixed assets workspace, and enter all pertinent information. For a new asset, you specify at least the following parameters: + The asset class. Once you select a class, the system fills in common fixed asset settings, such as property type, asset type, useful life, depreciation book or books, and appropriate general ledger accounts that can be used for an asset to be created. You can change most of the default settings, if required. + The acquisition information, such as the receipt date, the original acquisition cost, and the quantity of units in the asset. + The start date of the depreciation (for a depreciable asset) or the placed-in-service date (for a non-depreciable asset). + The department to which the asset belongs. You can change the acquisition cost of the asset only before you release the purchasing transaction, so that the data on the **Balance** tab of the [Fixed assets (FA303000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-assets-fa303000/) window will be updated correctly. After the purchasing transaction is released, the data will be posted to the books and cannot be modified even though the **Orig. acquisition cost** field on the **General settings** tab of the window is available for editing. Entering a fixed asset into the system creates a **Purchasing +** transaction. The cost of the asset is recorded as an unreconciled amount, which you can view on the **Reconciliation** tab in the [Fixed assets (FA303000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-assets-fa303000/) window. You can later reconcile the acquisition cost of the asset with the financial documents declaring the asset acquisition. ## Entering a non-depreciable fixed asset Non-depreciable assets are the assets that cannot be depreciated or those assets that do not lose their value over their useful time. Land and most intangible assets are considered non-depreciable assets because they have an unlimited useful life. When you create a non-depreciable fixed asset by using the [Fixed assets (FA303000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-assets-fa303000/) window or a fixed asset class (for grouping non-depreciable assets) by using the [Fixed assets (FA303000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-assets-fa303000/) window, you need to clear the **Depreciate** check box so that users will not be required to fill in the **Useful life, years** field. After saving an asset and releasing an appropriate transaction, you can perform any common operation with a non-depreciable asset, such as disposing, splitting, transferring, and creating additions and deductions. However, the depreciation will not be calculated for such asset. ## Converting items into fixed assets All the transactions that are associated with converting acquired items into fixed assets are aggregated on one account and subaccount by default. You specify the fixed assets accrual account and subaccount in the [Fixed assets preferences (FA101000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-assets-preferences-fa101000/) window as the default account and subaccount for such transactions. To convert items to assets, you use the [Fixed assets (FA303000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-assets-fa303000/) window. You select the appropriate fixed asset accrual account in the **Account** field in the top part, and after that, transactions associated with the selected account appear in the upper table of the current window. You can convert one item or multiple items at once, each into one asset or multiple assets. In the lower table, you can add a line for each particular asset manually, or add all required asset lines (that correspond to the quantity of items specified in a transaction in the upper table) at once by selecting an asset class for a transaction in the upper table. You can set up the conversion parameters on three different levels: in the top part, in the lines of the upper table, and for the assets in the lower table. The settings in the top part are used as the defaults for the invoices in the upper table; the settings in the line of the upper table are used as the defaults for the assets in the lower table. You can override any default settings by changing them in the lower table for each new asset individually. If you use the fixed assets accrual account and subaccount to aggregate not only the items for conversion but also other items, you should hide the items that you don't want to convert. In this case, select the **Reconciled** check box for those items in the upper table. The items will be hidden when you process the conversion of the new assets. Converting a purchase into a fixed asset creates **Purchasing +** and **Reconciliation +** transactions. ## Importing fixed assets You can import assets with accumulated depreciation into Visma Net without updating the general ledger. You can create a record for each asset manually or import the existing records from other applications. To add an existing asset manually, you switch the Fixed assets workspace to the initialisation mode and add a new record in the [Fixed assets (FA303000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-assets-fa303000/) window. For the asset, you specify the asset parameters, such as the date when the asset was acquired, the original cost, the start of the depreciation, and the asset class. Also, you must specify the accumulated depreciation amount and the last depreciation period. Then you calculate the depreciation and check the results. If the resulting depreciation amounts match the depreciation in the legacy application, you can switch off the initialisation mode. ## Specifying the quantity of items included in the asset A fixed asset may contain more than one unit. You can specify the quantity of units in the asset when you create the asset. Later, you can split the asset (if, for example, you want to dispose of part of the asset). For more information, see: [About fixed asset splits](/visma-net-erp/help/fixed-assets/manage-fixed-assets/fixed-asset-splits/about-fixed-asset-splits/) ## Deleting an asset You can delete a fixed asset from the system if it does not have any transactions associated with it. If transactions were made but were not released, you can first delete the transactions and then delete the fixed asset. When you delete an asset, the asset record is completely removed from the system and the system can later reuse the asset ID. For more information, see: [Delete a fixed asset](/visma-net-erp/help/fixed-assets/manage-fixed-assets/fixed-asset-entry/delete-a-fixed-asset/)

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Windows

 Enter an asset /visma-net-erp/help/fixed-assets/manage-fixed-assets/fixed-asset-entry/enter-an-asset section You can add a record for a fixed asset by using the Fixed assets (FA303000) window. 2026-02-19T17:09:06+01:00 # Enter an asset You can add a record for a fixed asset by using the Fixed assets (FA303000) window. For more information: [Fixed assets (FA303000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-assets-fa303000/). 1. Go to the [Fixed assets (FA303000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-assets-fa303000/) window. 1. In the **Description** field of the top part, type the description of the asset. 1. Optional: If the asset is a child of another asset, specify the parent asset. 1. In the **Asset summary** section of the **General settings** tab, specify the asset information: 1. In the **Asset class** field, select the asset class, which defines general fixed asset parameters. You can change any of these parameters, if required. 1. In the **Property type** field, select the way the asset was acquired. 1. Optional: Select the **Hold** check box if the asset record you are entering is a draft. If you entering information for an active asset, clear this check box. 1. In the **Asset type** field, select the type of the fixed asset. The system fills in this field automatically according to the fixed asset class that you have selected, but you can change the value. 1. Optional: If the asset consists of multiple items, enter the quantity of these items in the **Quantity** field. 1. In the **Receipt date** field, specify the date of the asset acquisition. 1. If the asset is depreciable, perform these steps: + Select the **Depreciate** check box. + In the **Placed-in-service date** field, specify the start date for depreciation. > [!NOTE] > This field will be unavailable for editing once the first depreciation transaction (of the Depreciation+ type) is created for the asset. 1. If the asset is non-depreciable, perform these steps: + Clear the **Depreciate** check box. + In the **Date placed in service** field, specify the placed-in-service date for the asset. 1. In the **Orig. acquisition cost** field, specify the amount that was spent to acquire the asset. The original acquisition cost is used as the basis for depreciation of the asset, which you can find in the **Basis** column on the **Balance** tab. > [!NOTE] > After you first save the asset, any further changes to the original acquisition cost won't affect the depreciation basis. 1. Optional: In the **Salvage amount** field, specify the book value at the end of the useful life of the asset. 1. Optional: In the **Replacement cost** field, specify the cost of replacement of the asset with a similar one. 1. In the **Tracking information** section of the **General settings** tab, specify where the asset must be placed: 1. In the **Department** field, select the department to which you want to assign the asset. 1. Optional: Specify the other applicable location parameters in the corresponding fields. 1. Optional: Specify the details of the purchase or lease of the asset on the **Purchase/tangible info** tab. 1. On the **General ledger accounts** tab, review the accounts to be used to enter asset transactions. If required, change the accounts. > [!NOTE] > You can change the asset accounts only until a transaction is posted to a particular account. 1. On the **Balance** tab, review the depreciation settings. 1. Click ![icon-save](/media/visma-net-erp/icon-save.png). The system automatically generates the **Asset ID** the first time you save a new record. 1. Release the resulting transactions according to your company workflow. After you create an asset, you reconcile its acquisition cost with one or multiple financial documents.

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Windows

 Convert items to fixed assets /visma-net-erp/help/fixed-assets/manage-fixed-assets/fixed-asset-entry/convert-items-to-fixed-assets section You can convert one acquired item or multiple items, for example, purchased goods to fixed assets by using the Convert purchases to assets (FA504500) window. 2026-02-19T17:09:06+01:00 # Convert items to fixed assets You can convert one acquired item or multiple items, for example, purchased goods to fixed assets by using the Convert purchases to assets (FA504500) window. For more information: [Convert purchases to assets (FA504500)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/convert-purchases-to-assets-fa504500/). 1. Go to the [Convert purchases to assets (FA504500)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/convert-purchases-to-assets-fa504500/) window. 1. Specify selection criteria for the items you might want to convert to assets as follows: 1. In the **Account** field, select the account of the acquisition transaction. 1. In the **Subaccount** field, select the subaccount of the acquisition transaction. 1. If you want to view the transactions that are marked reconciled and hidden from display, select the **Show transactions marked as reconciled** check box. The items that meet the specified criteria are displayed in the upper table. If you don't see the items you want to convert, check the account and subaccount in the acquisition document (such as a bill for a purchased item). 1. Optional: Select the default department the assets will be assigned to, and/or the default custodian. 1. If you want hide the items in the upper table that are not to be converted, select the **Reconciled** check box in the item lines. When you convert the other items, the items with the **Reconciled** check box selected will be hidden from the table. To view the items marked as reconciled, select the **Show transactions marked as reconciled** check box in the top part. 1. For every acquired item you want to convert, do the following: 1. Click the **Selected** check box in the item row in the upper table to view the assets the items will be converted into in the lower table. 1. If you want to convert every unit of the acquired item into a separate asset manually, click ![icon-add](/media/visma-net-erp/icon-add.png) in the toolbar of the lower table. Do it as many times as the quantity of units specified for the item in the upper table. The system generates a row in the lower table with the default settings you specified in the top part and the upper table. 1. If you want to convert all acquired items a bulk, select an asset class for the item row in the upper table. So that, the system will generate the number of rows in the lower table equal to the number of units specified for the item in the upper table. 1. Make sure the **New asset** check box is selected for the added row. 1. To associate the new asset with a parent asset, select the **Component** check box, and then select the parent asset in the **Asset** column. 1. Check and correct the asset settings for conversion, filling in at least the following columns: + **Asset class** + **Branch** + **Department** + **Trans. date** + **Trans. period** The values in the **Selected quantity**, **Selected amount**, **Open quantity**, and **Open amount** columns in the upper table reflect the changes you made in the lower table. 1. Click **Process** to convert the acquired items to fixed assets. The new assets are created with the settings that you specified. The system assigns asset IDs according to the asset number series. 1. Release the resulting transactions as dictated by your company workflow. [Release a fixed asset transaction](/visma-net-erp/help/fixed-assets/daily-routines/release-a-fixed-asset-transaction/) For more information, see:

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Concepts

Windows

 Import fixed assets /visma-net-erp/help/fixed-assets/manage-fixed-assets/fixed-asset-entry/import-fixed-assets section Importing an asset means adding an asset with accumulated depreciation to Visma Net. 2026-02-19T17:09:06+01:00 # Import fixed assets Importing an asset means adding an asset with accumulated depreciation to Visma Net. Importing an asset means adding an asset with accumulated depreciation to Visma Net. To add an asset with accumulated depreciation manually, you need to switch the Fixed assets workspace to the initialisation mode. Then, by using the [Fixed assets (FA303000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-assets-fa303000/) window, you add a new asset record, and specify asset’s parameters including the accumulated depreciation amount and the last depreciation period. 1. Go to the [Fixed assets preferences (FA101000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-assets-preferences-fa101000/) window. 1. In the **Posting settings** section, clear the **Update general ledger** check box to turn on initialisation mode for the Fixed assets workspace. 1. Click ![icon-save](/media/visma-net-erp/icon-save.png). 1. Go to the [Fixed assets (FA303000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-assets-fa303000/) window. 1. For each asset you want to add, do the following: 1. Optional: In the **Description** field, type the description of the asset. 1. In the **Asset class** field of the **General settings** tab, select the class of the asset. This causes the system to fill in the settings associated with the asset class. 1. Select the property type. 1. Clear the **Hold** check box to make the asset active. 1. In the **Receipt date** field, enter the date of the purchase. 1. Make sure the **Depreciate** check box is selected. 1. In the **Date placed in service** field, enter the date when the asset has been placed in use. The system will calculate the depreciation of the asset starting from this date. 1. In the **Orig. acquisition cost** field, enter the original cost of acquiring the asset. The original acquisition cost is used as the basis for depreciation of the asset. > [!CAUTION] > After you save the asset for the first time, you won't be able to change the depreciation basis, even if you change the original acquisition cost. 1. Optional: In the **Salvage amount** field, enter the expected book value at the end of the useful life of the asset. 1. Optional: Enter the replacement cost of the asset. 1. In the **Department** field of the **Tracking information** section, select the department of the asset. 1. On the **Balance** tab, in the **Last depr. period** column, enter the period of the last depreciation. 1. In the **Accum. depr.** column, type the accumulated depreciation amount. 1. Click ![icon-save](/media/visma-net-erp/icon-save.png). In the **Asset ID** field, you can see the asset identifier generated by the system. 1. On the **Transaction history** tab, release the acquisition transactions. [Release multiple fixed asset transactions](/visma-net-erp/help/fixed-assets/daily-routines/release-multiple-fixed-asset-transactions/) For more information, see: > [!NOTE] > The transactions have the **Unposted** status even after release. 1. In the window toolbar, click **Actions** - **Calculate depreciation**. On the **Depreciation history** tab, you can see that no depreciation is shown before the amount that you entered in the **Accum. depr.** column. The system depreciates the remaining cost until the end of the useful life of the asset. 1. On the **Finance** tab, click **Fixed assets**. In the left pane, select the **Configuration** tab, and then navigate the [Fixed assets preferences (FA101000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-assets-preferences-fa101000/) window. 1. In the **Posting settings** section, select the **Update general ledger** check box to turn off initialisation mode for the Fixed assets workspace. 1. Click ![icon-save](/media/visma-net-erp/icon-save.png).

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Concepts

Tasks

Windows

 Convert purchased items to components of a fixed asset /visma-net-erp/help/fixed-assets/manage-fixed-assets/fixed-asset-entry/convert-purchased-items-to-components-of-a-fixed-asset page To convert purchased items to new assets that are components of an existing asset, you can use one of the following windows: 2026-02-19T17:09:06+01:00 # Convert purchased items to components of a fixed asset To convert purchased items to new assets that are components of an existing asset, you can use one of the following windows: + [Convert purchases to assets (FA504500)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/convert-purchases-to-assets-fa504500/) You select the parent asset for each of the new assets. You can select different parent assets for every new asset. [Convert items to fixed assets](/visma-net-erp/help/fixed-assets/manage-fixed-assets/fixed-asset-entry/convert-items-to-fixed-assets/) For more information, see: + [Fixed assets (FA303000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-assets-fa303000/) You open the record of the parent-to-be asset, and then convert the purchases into the components of the selected asset only, as described later in this topic. 1. Go to the [Fixed assets (FA303000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-assets-fa303000/) window. 1. In the **Asset ID** field of the top part, select the identifier of the asset to which you want to add new components. 1. Set up the filter to select the acquisitions. On the **Reconciliation** tab, do the following: 1. In the **Account** field of the Stop part, select the account of the acquisition transaction. 1. In the **Subaccount** field, select the subaccount of the acquisition transaction. The documents are displayed in the table. If you don't see the document you need, check the account and subaccount in the bill. 1. In the **Trans. date** field, select the date of the addition. 1. In the **Addition period**, select the period of the addition. 1. For every purchase you want to convert, in the table, do the following: 1. Select the Selected check box. 1. Select the **Component** check box. 1. In the **Asset class** column, select the asset class for the new asset. 1. If you want to convert part of the purchase, fill in the values for the new asset in the **Selected quantity** and **Selected amount** columns. > [!NOTE] > The quantity of the asset must be equal or greater than 1. 1. Click **Process**. The selected items are converted to components of the currently selected fixed asset. The new asset is created with the settings you specified. The asset ID is assigned according to the asset number series.

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Concepts

Tasks

Windows

 Delete a fixed asset /visma-net-erp/help/fixed-assets/manage-fixed-assets/fixed-asset-entry/delete-a-fixed-asset page You can delete a fixed asset from the system if no released transactions are associated with it. 2026-02-19T17:09:06+01:00 # Delete a fixed asset You can delete a fixed asset from the system if no released transactions are associated with it. You can delete a fixed asset from the system if no released transactions are associated with it. To delete an asset, use the [Fixed assets (FA303000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-assets-fa303000/) window. If unreleased transactions are associated with the fixed asset, you can delete the transactions first and then delete the fixed asset. For more information, see: [Delete an unreleased fixed asset transaction](/visma-net-erp/help/fixed-assets/daily-routines/delete-an-unreleased-fixed-asset-transaction/) 1. Go to the [Fixed assets (FA303000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-assets-fa303000/) window. 1. In the **Asset ID** field, select the identifier of the fixed asset you want to delete. 1. Click **Delete**. 1. Click **OK** to confirm the deletion of the asset. The fixed asset is deleted and the system can later reuse the asset ID.

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Concepts

Tasks

Windows

 Fixed asset splits /visma-net-erp/help/fixed-assets/manage-fixed-assets/fixed-asset-splits section 2026-02-19T17:09:06+01:00 # Fixed asset splits About fixed asset splits /visma-net-erp/help/fixed-assets/manage-fixed-assets/fixed-asset-splits/about-fixed-asset-splits page Splitting is used to divide a fixed asset consisting of a group of items into two or more separate assets, or to divide an asset by only cost and depreciation. 2026-02-19T17:09:06+01:00 # About fixed asset splits Splitting is used to divide a fixed asset consisting of a group of items into two or more separate assets, or to divide an asset by only cost and depreciation. Splitting is used to divide a fixed asset consisting of a group of items into two or more separate assets, or to divide an asset by only cost and depreciation. It is also used for partial asset disposals and transfers, because you might need to get rid of a portion of an asset, perhaps because you determine that a portion of the asset has become useless or you simply decide that selling part of the asset would be profitable. + When splitting assets, define the cost and the quantity of units for the asset components being removed from the fixed asset. The new asset record is created, containing the appropriate percentage of the original asset cost, the specified quantity, and the depreciation adjustments. + An asset can contain one unit or multiple units. You can split an asset regardless of the quantity of units, even if the original quantity was 1. + Due to the split, the original asset that you divide by cost remains with the original asset ID, but its cost, depreciation, and salvage amount are reduced by the amount of the new asset, which you created by splitting the original one. The new asset is a separate asset with a new unique identifier. As the asset's description, the system automatically adds **Split from** and the number of the original asset. + After you split an asset, you must release the associated transactions that signify the asset and asset depreciation split according to your company's workflow. You cannot reverse the corresponding split. + You can split an asset only before its disposal date. You can view the history of the splits of an asset in the [Asset splits (FA405000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/asset-splits-fa405000/) window. ## Release of transactions When you split an asset, the system generates the following transactions: + For the original asset: + **Purchasing –** with the total removed cost + **Depreciation adjusting –** with the total removed amount of the accumulated depreciation + For each new asset: + **Purchasing +** with the cost of the new asset + **Depreciation adjusting +** with the appropriate percentage of the accumulated depreciation The transactions are nominal transactions signifying the split; they are not posted to the general ledger. ## Example Suppose that you purchase 100 units of office chairs for €1000 total, and that you can set up one fixed asset with an original quantity of 100 units and a useful life of one year, by using the straight line method, with a depreciation cost of €83,30 monthly as a whole. Then, on the third month after its purchase, you want to sell part of the asset: 20 of the 100 chairs. The already depreciated cost of the original asset is €250 and the cost to be depreciated is €750. For this operation, you split the asset into two: + The original asset, the quantity of which is reduced from 100 units to 80, with the ratio equal to 80%. The asset ID is not changed. The depreciated cost is reduced to €200 and the residual value to be depreciated is reduced to €600. + The new asset, with a quantity of 20 items and a ratio of 20%. This asset has a unique asset ID generated by the system. The asset gains the depreciated cost of €50 and the residual value to be depreciated is €150. This is the asset that you sell.

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Tasks

Windows

 Split an asset /visma-net-erp/help/fixed-assets/manage-fixed-assets/fixed-asset-splits/split-an-asset section By using the Split assets (FA506000) window, you can divide one asset into separate assets. 2026-02-19T17:09:06+01:00 # Split an asset By using the Split assets (FA506000) window, you can divide one asset into separate assets. For more information: [Split assets (FA506000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/split-assets-fa506000/). By using the [Split assets (FA506000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/split-assets-fa506000/) window, you can divide one asset into separate assets. For each asset being removed from the original fixed asset, you specify the appropriate percentage, quantity, and amount. The original asset remains in the system; its cost, quantity, accumulated depreciation, and salvage amount are reduced by the total amount of the new assets. 1. Go to the [Split assets (FA506000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/split-assets-fa506000/) window. 1. In the **Fixed asset** field of the top part, select the asset you want to split. 1. In the **Split date** field, select the date of the split. 1. In the **Split period** field, select the period of the split. 1. If you want to depreciate the asset before the split, select the **Depreciate before split** check box. 1. For each asset the original asset will be split into, do the following: 1. Click ![icon-add](/media/visma-net-erp/icon-add.png). 1. Define the part of the original asset to be assigned to the new asset. Do one of the following: + In the **Cost** column, specify the cost to be assigned to a new asset. + In the **Ration** column, specify the percentage of the original cost of the asset. + Optional: In the **Quantity** column, specify the quantity to be assigned to a new asset. 1. Click **Split**. The new assets are created; for each, the identifier is displayed in the **Asset ID** column. Every new asset contains the part of the original asset cost and depreciation that you specified. 1. Release the resulting transactions as dictated by your company workflow.

Related pages

Concepts

Windows

 Fixed asset reversal /visma-net-erp/help/fixed-assets/manage-fixed-assets/fixed-asset-reversal section 2026-02-19T17:09:06+01:00 # Fixed asset reversal About fixed asset reversal /visma-net-erp/help/fixed-assets/manage-fixed-assets/fixed-asset-reversal/about-fixed-asset-reversal page In Visma Net, if a fixed asset has released transactions associated with it, you cannot delete this asset from the system. 2026-02-19T17:09:06+01:00 # About fixed asset reversal In Visma Net, if a fixed asset has released transactions associated with it, you cannot delete this asset from the system. In Visma Net, if a fixed asset has released transactions associated with it, you cannot delete this asset from the system. In this case, you can reverse the transactions and then annul the asset. For example, suppose that you have created a new asset by converting a purchase to a fixed asset. Then you have realised that the wrong receipt date is specified in the fixed asset record. This date cannot be edited because the corresponding transactions (**Purchasing +** and **Reconciliation +** ) have already been released. For more information, see: [About types of fixed asset transactions](/visma-net-erp/help/fixed-assets/manage-fixed-assets/about-types-of-fixed-asset-transactions/) In this case, you can annul this asset and again convert a purchase to a fixed asset with the correct settings. You annul the asset by using the reverse procedure. When you invoke this procedure, all transactions associated with the fixed asset are reversed in the corresponding book in which the original transactions are posted, and the asset gets the **Reversed** status. For transactions recorded in the non-posting book, the reversal transactions are posted to the same financial period as the period of the original transactions. For transactions recorded in the posting book in the book that updates general ledger or the reversal transactions are posted to the period of the original transactions only if this period is open; if the period of the original transactions is closed, the reversal transactions are posted to the nearest open financial period. ## Reversing a fixed asset To reverse a fixed asset, in the [Fixed assets (FA303000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-assets-fa303000/) window, you need to select the required fixed asset in the **Asset ID** field, and click **Reverse** in the **Actions** menu on the toolbar. Reversal of an asset yields the following results: + Reversal transactions are generated for all original fixed asset transactions in the corresponding fixed asset book. + The annulled asset is displayed as **Reversed** on reports, with the depreciable basis and the amount of accumulated depreciation equal to zero. The status of the asset at the moment of the reversal must be **Active**. The reversed asset cannot be deleted or edited.

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Concepts

Tasks

Windows

 Reverse an asset /visma-net-erp/help/fixed-assets/manage-fixed-assets/fixed-asset-reversal/reverse-an-asset page You use the Fixed assets (FA303000) window to annul a fixed asset in Visma Net by using the reverse procedure. 2026-02-19T17:09:06+01:00 # Reverse an asset You use the Fixed assets (FA303000) window to annul a fixed asset in Visma Net by using the reverse procedure. For more information: [Fixed assets (FA303000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-assets-fa303000/). 1. Go to the [Fixed assets (FA303000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-assets-fa303000/) window. 1. In the **Asset ID** field of the top part, select the asset you need to reverse. You can reverse an asset with the Active status only. 1. Click **Reverse**. The asset is reversed; reversal transactions are generated for all released transactions associated with this fixed asset and posted to the same book as the original transactions. > [!NOTE] > In the posting book, if the financial period of the original fixed asset transactions is already closed, the reversal transactions will be posted to the nearest open financial period. 1. Release the resulting transactions as dictated by your company workflow. [Release multiple fixed asset transactions](/visma-net-erp/help/fixed-assets/daily-routines/release-multiple-fixed-asset-transactions/) For more information, see:

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Tasks

Windows

 Revaluation of an asset /visma-net-erp/help/fixed-assets/manage-fixed-assets/revaluation-of-an-asset section 2026-02-19T17:09:06+01:00 # Revaluation of an asset Change net book value of an asset /visma-net-erp/help/fixed-assets/manage-fixed-assets/revaluation-of-an-asset/change-net-book-value-of-an-asset section You use the Reconciliation tab of the Fixed assets (FA303000) window to change the net book value of the selected asset. 2026-02-19T17:09:06+01:00 # Change net book value of an asset You use the Reconciliation tab of the Fixed assets (FA303000) window to change the net book value of the selected asset. For more information: [Fixed assets (FA303000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-assets-fa303000/). 1. Go to the [Fixed assets (FA303000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-assets-fa303000/) window. 1. In the **Asset ID** field, select the asset whose net book value you want to change. 1. On the **Reconciliation** tab, in the **Reconciliation type** field, specify if you want to increase or decrease the net book value of the asset. 1. Set up the criteria to select the document declaring the change in the net book value of the asset. Do the following: 1. In the **Account** field, specify the account of the document. 1. In the **Subaccount** field, specify the subaccount of the document. 1. In the **Trans. date** field, specify the date of the reconciliation transaction. 1. In the **Addition period** field, specify the financial period of the reconciliation transaction. 1. In the table, select the **Selected** check box for the document to be used. 1. Make sure the **Component** check box is cleared. 1. In the **Selected amount** field, specify the amount of the transaction. 1. Click **Process** in the table toolbar to process the transaction. 1. Click ![icon-save](/media/visma-net-erp/icon-save.png). 1. Release the resulting transactions as directed by your company workflow. [Release a fixed asset transaction](/visma-net-erp/help/fixed-assets/daily-routines/release-a-fixed-asset-transaction/) For more information, see: The resulting transactions affect the net book value and the current cost of the selected asset displayed on the **Balance** and **Reconciliation** tabs.

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Tasks

Windows

 Changes in fixed asset estimates /visma-net-erp/help/fixed-assets/manage-fixed-assets/changes-in-fixed-asset-estimates section 2026-02-19T17:09:06+01:00 # Changes in fixed asset estimates About changes in fixed asset estimates /visma-net-erp/help/fixed-assets/manage-fixed-assets/changes-in-fixed-asset-estimates/about-changes-in-fixed-asset-estimates page Adding a fixed asset involves determining the estimated useful life and salvage amount of the asset. 2026-02-19T17:09:06+01:00 # About changes in fixed asset estimates Adding a fixed asset involves determining the estimated useful life and salvage amount of the asset. Adding a fixed asset involves determining the estimated useful life and salvage amount of the asset. Estimates are subjective and may require revisions during the life of the asset. For example, the rapid technological advances may result in the actual useful life and salvage amount differing from your company's current estimates. In Visma Net, you can account for changes in the following estimates: + The useful life of a fixed asset. [Change the useful life of an asset](/visma-net-erp/help/fixed-assets/manage-fixed-assets/changes-in-fixed-asset-estimates/change-the-useful-life-of-an-asset/) For more information, see: + The salvage amount of a fixed asset. [Change the salvage value of an asset](/visma-net-erp/help/fixed-assets/manage-fixed-assets/changes-in-fixed-asset-estimates/change-the-salvage-value-of-an-asset/) For more information, see: ## Depreciation after changes in estimates The changes in estimates effect the current and future periods. The system uses the revised value for the depreciation throughout entire asset life in periods after the change. You can configure the system to accelerate the depreciation for the assets that use the straight line method and Dutch method 2. In this case, the system uses the revalued amount as the basis for the depreciation in the periods after revaluation. For more information, see: [About depreciation configuration](/visma-net-erp/help/fixed-assets/manage-fixed-asset-depreciation/about-depreciation-configuration/)

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Windows

 Change the useful life of an asset /visma-net-erp/help/fixed-assets/manage-fixed-assets/changes-in-fixed-asset-estimates/change-the-useful-life-of-an-asset section If the estimation of the useful life of an asset has changed, you change the estimated useful life in the asset record accordingly on the General settings tab of the Fixed assets (FA303000) window. 2026-02-19T17:09:06+01:00 # Change the useful life of an asset If the estimation of the useful life of an asset has changed, you change the estimated useful life in the asset record accordingly on the General settings tab of the Fixed assets (FA303000) window. For more information: [Fixed assets (FA303000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-assets-fa303000/). If the estimation of the useful life of an asset has changed, you change the estimated useful life in the asset record accordingly on the **General settings** tab of the [Fixed assets (FA303000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-assets-fa303000/) window. For more information about changing the estimated useful life of an asset, see: [About changes in fixed asset estimates](/visma-net-erp/help/fixed-assets/manage-fixed-assets/changes-in-fixed-asset-estimates/about-changes-in-fixed-asset-estimates/) 1. Go to the [Fixed assets (FA303000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-assets-fa303000/) window. 1. In the **Asset ID** field, select the asset whose net book value you want to change. 1. On the **General settings** tab, in the **Useful life, years** field, specify the new estimation of the asset useful life. 1. Click ![icon-save](/media/visma-net-erp/icon-save.png). 1. Release the resulting transactions as directed by your company's workflow. [Release a fixed asset transaction](/visma-net-erp/help/fixed-assets/daily-routines/release-a-fixed-asset-transaction/) For more information, see: The resulting transactions affect the net book value and the current cost of the selected asset displayed on the **Balance** and **Reconciliation** tabs.

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Tasks

Windows

 Change the salvage value of an asset /visma-net-erp/help/fixed-assets/manage-fixed-assets/changes-in-fixed-asset-estimates/change-the-salvage-value-of-an-asset section If the estimation of the salvage value of an asset has changed, you change the estimated salvage value in the asset record accordingly. 2026-02-19T17:09:06+01:00 # Change the salvage value of an asset If the estimation of the salvage value of an asset has changed, you change the estimated salvage value in the asset record accordingly. If the estimation of the salvage value of an asset has changed, you change the estimated salvage value in the asset record accordingly. You use the **General settings** tab of the [Fixed assets (FA303000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-assets-fa303000/) window to change the salvage value of the selected asset. For more information about changing the estimated salvage value of an asset, see: [About changes in fixed asset estimates](/visma-net-erp/help/fixed-assets/manage-fixed-assets/changes-in-fixed-asset-estimates/about-changes-in-fixed-asset-estimates/) 1. Go to the [Fixed assets (FA303000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-assets-fa303000/) window. 1. In the **Asset ID** field, select the asset whose net book value you want to change. 1. On the **General settings** tab, in the **Useful life** field, specify the new estimation of the asset useful life. 1. Click ![icon-save](/media/visma-net-erp/icon-save.png). 1. Release the resulting transactions as directed by your company's workflow. [Release a fixed asset transaction](/visma-net-erp/help/fixed-assets/daily-routines/release-a-fixed-asset-transaction/) For more information, see: The resulting transactions affect the net book value and the current cost of the selected asset displayed on the **Balance** and **Reconciliation** tabs.

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Concepts

Tasks

Windows