{"id":8500,"date":"2024-03-27T14:16:27","date_gmt":"2024-03-27T12:16:27","guid":{"rendered":"https:\/\/support.simplbooks.fi\/fi\/kayttoohjeet\/adding-new-fixed-assets\/"},"modified":"2024-03-27T14:16:27","modified_gmt":"2024-03-27T12:16:27","slug":"adding-new-fixed-assets","status":"publish","type":"ht_kb","link":"https:\/\/support.simplbooks.fi\/fi\/en\/kayttoohjeet\/adding-new-fixed-assets\/","title":{"rendered":"Adding New Fixed Assets"},"content":{"rendered":"\n
\n\n\n\n

This guide explains how to add new fixed assets to accounting<\/strong> and how to record depreciation on them. If you are adding fixed assets to accounting that were already in use by the company before starting to use SimplBooks, please read the guide Recording Existing Fixed Assets in SimplBooks<\/a>.<\/p>\n\n\n\n

The method for adding fixed assets depends on the depreciation method. Currently, the software can only generate straight-line depreciation automatically. <\/strong>Declining balance depreciation must be entered manually as accounting entries.<\/p>\n\n\n\n<\/div><\/div>\n\n\n\n

\n\n\n\n

NOTE: <\/strong>The fixed asset report only shows fixed asset changes posted through purchase and sales invoices<\/strong> and automatically generated depreciation entries. <\/strong>The Fixed Assets feature is not mandatory. You can also add fixed assets to accounting via a manual accounting entry and post depreciation entries manually \u2014 especially if you have few fixed assets and use declining balance depreciation. The Fixed Assets view is most useful for straight-line depreciation when you are posting fixed assets through sales or purchase invoices.<\/p>\n\n\n\n<\/div><\/div>\n\n\n\n

<\/div>\n\n\n\n

1. ADDING FIXED ASSETS WITH STRAIGHT-LINE DEPRECIATION<\/strong><\/h4>\n\n\n\n

New fixed assets can be added to accounting directly through a purchase invoice. You can read more about creating a purchase invoice here<\/a>.<\/p>\n\n\n\n

On the purchase invoice line, select the same account that is set as the fixed asset account under Settings > Automatic postings > Fixed Assets.<\/p>\n\n\n\n

\n\n\n\n
\"\"<\/a><\/figure>\n\n\n\n<\/div><\/div>\n\n\n\n

When a fixed asset account has been selected on the purchase invoice line, the software will ask when saving the invoice whether you want to create a fixed asset from it. Select yes.<\/p>\n\n\n\n

\n\n\n\n
\"\"<\/a><\/figure>\n\n\n\n<\/div><\/div>\n\n\n\n

The fixed asset will then appear under Accounting > Fixed Assets.<\/p>\n\n\n\n

\n\n\n\n
\"\"<\/a><\/figure>\n\n\n\n<\/div><\/div>\n\n\n\n

Open the added fixed asset by clicking on it and select “Edit fixed asset” from the Actions section on the right.<\/p>\n\n\n\n

\n\n\n\n
\"\"<\/a><\/figure>\n\n\n\n<\/div><\/div>\n\n\n\n

Straight-line depreciation is entered in the software as a percentage, even though the depreciation is calculated based on the depreciation period (in years). <\/strong>Adjust the depreciation percentage as needed:<\/p>\n\n\n\n