Exact Financials (v3)

Fixed Assets Manual - Procedure

Procedure

• Setting up a fixed assets accounting system

  To start using Exact Fixed Assets C/S you need to answer a few questions defining the organization of your fixed assets accounting system.

• Creating master data and defining settings

  Start by defining the company package settings and user settings. They determine which options are available and how particular functions can be used. You should then create the master data. Master data is the basic data used by your entire fixed assets accounting system.

• Calculating depreciation

  Choose or create a depreciation method to divide the costs of depreciation equally over a number of periods. You can change to another depreciation method before an asset's useful life has ended.

• Managing your fixed assets

  As well as depreciating your assets, you can also perform other actions involving your assets. These might include revaluing or regrouping your assets, keeping a maintenance record or selling assets. You can decide who performs these actions and when.

• Working with overviews

  Use overviews to find the latest information about your assets. The various overviews show your assets from all points of view.

Finance Manual C/S > Contents > Working with fixed assets > Procedure