Entering an Asset - Header
- Inventory No.
- Enter the unique code you want to use to identify the Asset. You can use a maximum of thirty characters.
- Description
- A name or description of the Asset. In the case of an Asset created from a Purchase Invoice, this will be taken from the Description field of the Purchase Invoice row.
- Inactive
- Check this box to "remove" the Asset from the accounts. Usually, Inactive Assets will not be included in reports and depreciation calculations, although you can choose to include them if you wish. Inactive Assets will also be excluded from 'Paste Special' list of Assets, but will still appear in the 'Assets: Browse' window.
- Note that you sell or write an Asset off using the Disposal register, it will not be marked as Inactive automatically, because you might not want to remove the Asset from reports immediately. You should mark it as Inactive yourself when appropriate.
- Category
- Paste Special
Asset Categories setting, Assets module
- You must assign each Asset to an Asset Category. This will contain an Asset Class, which will determine how the depreciation of the Asset will be handled in the Nominal Ledger (i.e. the Accounts used).
- If you have specified Objects and Depreciation Models in the Asset Category, these will be brought in to the Asset automatically as defaults.
