How To Add A New Fixed Asset in Accounting Software

This functionality is used to add new fixed assets in the fixed asset accounting 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 in fixed asset accounting software:

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 to add in the asset.

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