Maintain Asset Item

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Introduction

Add new asset items.

Maintain Asset Item

Maintain Asset Item

Field Name	Explanation & Properties
Code	Input the new Asset Item Code Field type : Alphanumerical Length : 20
Description	Input the Asset Item description, eg. Meeting Table, Toyota Vios, Perodua MYVI, etc Field type : Alphanumerical Length : 200
Asset Group	Select an appropriate Asset Group for depreciation calculation and GL Account code posting.
Agent	Select who is the Agent use this Asset Item.
Area	Select where is the asset located.
Acquire Date	Set the acquire date for this asset.
Cost	Set the purchase cost for this asset.
Useful Life (Years)	Set the useful life of this asset.
Residual Value	Set the residual value for this asset.
Status	Default is Active. Set Inactive and inactive date.

Depreciation Schedule

1. Select the Frequency to generate the depreciation schedule by :-

a. Monthly

b. Quarterly

c. Half Yearly

d. Yearly

2. Click Generate button.

Project

Set the depreciation allocation by Project (for Departmental/Cost Center purpose).

History

Add the important remarks in the asset history. For instances:

a. who has borrow/ when has return this asset?

b. asset has send for repair or service...

c. asset has destroyed by flood

Photo

Add the asset photo.

Attachments

Add the attachments for an asset

See also

• Maintain Asset Group
• Process Depreciation
• Open Depreciation
• Asset Disposal
• Print Yearly Depreciation
• Print Asset Analysis
• Print Asset Disposal Listing
• How to tally my Asset with the GL Maintain Opening Balance