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Create Depreciation Method
1. Fixed Assets > Maintenance > Depreciation Methods
2. Click New button
3. Enter these information

Header:

  • Depreciation Name: SL-T45-<unique no.>
  • Depreciation Type: Straight Line
  • Service Years: 1
  • Months: blank
  • Convention: Actual Days


*Take note of Depreciation Name


4. In the grid, enter these % Percentage

  • % Percentage: 100

5. Click Save button

6. Click Close button
7. Click Close button


Create Fixed Asset
1. Fixed Assets > Activities > Fixed Assets
2. Click New button
3. Enter these information
Details tab:

  • Asset Description: FA Test-T45-<unique no.>
  • Location: ADMIN LOCATION
  • Serial No: T45-<unique no.>
  • Notes: Test Notes-T45
  • Date Acquired: Yesterday
  • Default placed in service: Today
  • Depreciation Method: <Depreciation Name noted in Step 1>
  • Default Cost: 1,000.00
  • Default Salvage Value: 100.00

*Take note of Asset No
*Take note of Asset Description
*Take note of Serial No.




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