1. Accounting
  2. Fixed Assets Management
  3. Creating Fixed Assets Management Records
  4. Creating Asset Records Manually
  5. Compound Assets
  6. Building Compound Assets

Building Compound Assets

To build a compound asset:

  1. Go to Fixed Assets > Lists > Build Compound Asset.

  2. Provide values for the following fields:

    • Asset Name – Enter a name for the asset.

    • Asset Type – Select the asset type for the compound asset.

    • Accounting Method – Select the accounting method to use when depreciating the compound asset.

    • Subsidiary – Select the subsidiary for the compound asset.

    • Asset Cost – This is automatically populated, and shows the combined asset cost of all the components.

    • Current Cost – This is automatically populated, and shows the combined current cost of all the components.

  3. In the Components section, add a component to the compound asset by selecting from a list of existing assets, or by adding a new asset.

    • To add an existing asset, click the arrow in the ID/Name field, and then select an asset from the list.

    • To add a new asset, click the ID/Name dropdown, select New (or click +), and enter asset details. For more information on creating asset records, see Creating Asset Records Manually.

  4. Click Build to create the compound asset. You'll be redirected to the Process Status page.

Related Topics

General Notices