This functionality is used to add new fixed assets in the software, for e.g. HP Computers, Printers under the Fixed Assets Category-Computers and Accessories.
How does it function?
In order to add a new fixed asset in the software, the following steps are required:
1- Navigate to the Fixed Assets Module
2- Click on Fixed Assets Tab under the Maintenance section.
3- Enter the relevant details as required for e.g Name, Description etc.
4- Select the Unit of Measurement as “Pcs” or ignore this section altogether.
5- Select the relevant Fixed Asset Class and select the appropriate Depreciation rate.
6- Map/link-up the relevant chart of accounts
The final step is by clicking the ADD NEW button.