Fixed Assets (Deprecated)
The functionality of this page has been replaced by our Fixed Asset Register
Fixed Asset Fields
A sample Fixed Asset - Details view is shown below:
Each standard field on this record is described below. Mandatory fields are highlighted thus.
Field Name | Description |
|---|---|
Fixed Asset Name | The name of the fixed asset - max 60 characters (alphanumeric). |
Code | A code for the asset - max 30 characters (alphanumeric). |
BS Depreciation Account | Self-explanatory. |
P&L Depreciation Account | Self-explanatory. |
Depreciation Method | No Depreciation, Straight Line or Reducing Balance. |
Depreciation Rate | A decimal number. |
Residual Value | The estimated residual value of an asset at the end of its service life. |
Currency | The currency in which the asset is valued. |
Notes | Notes about the asset. |
Attachment | An attachment about the asset. |
Disabled | Yes or No. |
No processing is associated with this function; it is for reference only. The standard asset view is shown above; additional attributes can be created using Configuration > Attribute Wizard.
Depreciation is usually calculated in MS Excel by reference to this record (and other additional attributes) and entered into Aqilla using the Aqilla MS Excel Add-in.