Each asset has a separate record that's unique to that asset. It holds information about the asset plus details of valuation and depreciation. When you run the Month End option, if you choose automatic depreciation postings, these are calculated based on the information in the asset records.

TIP: For help creating a fixed asset record, take a look at our quick guide. You can also make changes to multiple records using the Batch changes option.

Each fixed asset record holds the following information:

• Details 
  This tab shows a description of the asset plus details such as purchase information and the asset location or the employee it's allocated to. Read more >
• Posting
  This tab shows valuation and depreciation details such as cost, depreciation method and rate and the nominal codes that are used for automatic depreciation and disposal postings. Read more >
  

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