Catalog and manage your fixed assets by navigating to Resources->Equipment. This module is designed to streamline the process of tracking your fixed assets, ranging from vehicles and machinery to computers and furniture.
Users can easily attach photos, documents, or any relevant information directly to the asset profile, facilitating a more detailed and comprehensive asset inventory. This visual component not only simplifies the identification process but also serves as a valuable tool for maintenance, insurance claims, and audits.
In addition to robust inventory management, the Equipment module offers advanced depreciation calculation methods to ensure financial accuracy and compliance. Users can choose from four depreciation methods – Straight-line, Declining Balance, Sum of Year's Digits, and Units of Production. This flexibility allows businesses to tailor their depreciation strategies based on the specific needs of their assets and financial reporting requirements. Whether it's a fleet of vehicles or a range of high-tech machinery, the Equipment module empowers organizations to make informed decisions about asset lifecycles and replacement cycles, ultimately optimizing resource allocation and budget planning.
 | Track pertinent metadata about your asset. In addition to a description, you can store other key information such as an accounting ID from your accounting system, the serial number, its purchase date, service date, location, which employee has it in their possession (if applicable), and of course, the asset’s purchase price. |
 | Store links to photos or any relevant documents pertaining to your asset, such as invoices, maintenance records, warranties, operating manuals, etc. |
 | Create what-if scenarios for asset depreciation with commonly used GAAP depreciation methods: Straight-Line, Declining Balance, Sum of Year’s Digits, and Units of Production. |
 | The ‘Depreciation by Year’ graph displays the cumulative depreciation for each calendar year. This information will adjust depending on the depreciation method used for each asset. The range of years are determined by the earliest year an asset was put into service and the maximum year based on the useful life of your assets. |
Adding/Editing a New Fixed Asset Record
Adding a New Fixed Asset Record: Creating a new fixed-asset record is as simple as entering data into any field on the next available row indicated by the gold asterisk.
Editing a Fixed Asset Record: When you select any row in the data table, you will see a little blue pencil on the left-hand side of the table of records. The blue pencil icon indicates that you are in ‘edit’ mode and may make changes to the selected row. Edits are saved automatically.
Grouping, Sorting, and Filtering the Data Grid
Right clicking any column header will open a pop-up context menu with multiple options to control how your grid displays your data.
Drag Column Headers to Group your Data
