How to Create Fixed Asset

Go to Fixed Assetes > Activities > Fixed Assets "Should open Search Fixed Assets" screen

Click New button "Should open Fixed Asset" screen

Enter these information:

Details tab:

• Asset Description: Truck-<unique no.>
• Asset Group: V
• Location: 0000 - Home Office
• Serial No: T38-<unique no.>
• Notes: Test Notes-T38
• Date Acquired: Yesterday
• Default placed in service: Today
• Depreciation Method: <Created Depreciation in Create Depreciation Methods>
• Default Cost: 100,000.00
• Default Salvage Value: 10,000.00

Go to GL Accounts tab and set GL Accounts

• How to Create GL Accounts for Fixed Asset

Click Save button

Go to Depreciation Methods tab and verify information

In Depreciation Methods tab, add a record for booking of Tax

In a new row, add this record:

• Book: Tax
• Depreciation Method: <Created Depreciation in Create Depreciation Methods>
• Placed in Service: Today
• Cost: 100,000.00
• Salvage Value: 10,000.00

Click Save button

Click Create Asset button

• Should show this message:

• Asset Status:

Click Close button