ERP Fixed Assets Module Training
Recording assets, categories, depreciation, movements, maintenance, sale and scrapping.
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About this training
Recording assets, categories, depreciation, movements, maintenance, sale and scrapping.
- Asset Categories
- Registering an Asset
- Depreciation
- Asset Movement
- Maintenance and Repair
- Sale and Scrapping
- Asset Reports
Training outline 7 lessons
1Asset Categories
1. Create Asset Categories (machinery, vehicles, furniture).
2. Set depreciation method, useful life and frequency.
3. Link the asset, accumulated depreciation and depreciation expense accounts to the category.
The video and file for this session will be added soon.
2Registering an Asset
1. Create an Asset with name, category, location and purchase date.
2. Take the cost from the purchase invoice to auto-fill it.
3. Enter the available-for-use date and salvage value.
4. Submit.
The video and file for this session will be added soon.
3Depreciation
1. A depreciation schedule is generated from the category.
2. In each period the depreciation entry posts automatically or manually.
3. See each asset's book value on its card.
The video and file for this session will be added soon.
4Asset Movement
1. Create an Asset Movement and select the assets.
2. Set source and target location or the new custodian.
3. Submit to keep the movement history.
The video and file for this session will be added soon.
5Maintenance and Repair
1. Define an Asset Maintenance plan with repeat period.
2. Maintenance tasks are created on schedule and assigned.
3. Record repair cost to capitalise or expense it.
The video and file for this session will be added soon.
6Sale and Scrapping
1. To sell, create a Sales Invoice with the asset row; gain or loss posts automatically.
2. To scrap, click Scrap on the asset card.
3. The asset status changes to sold or scrapped.
The video and file for this session will be added soon.
7Asset Reports
1. View the Fixed Asset Register and Asset Analytics.
2. Run the depreciation report for the fiscal period.
3. Filter by location or custodian.
The video and file for this session will be added soon.