Fixed Asset Register - Location master Setup

11/15/2021 | 01:35

Setup the location master to print or search your fixed assets by order of location. A mandatory information for each fixed asset

11 Modify COA - Fixed Assets

04/15/2023 | 02:22

Learn how to update the fixed asset account name to your company chart of accounts

Asset Group

11/16/2021 | 01:18

Asset group are pre-set to be linked to chart of accounts of their depreciation expenses and accumulated depreciation accounts and other related accounts. A mandatory information in each fixed asset

Category Master (Fixed Asset)

11/21/2021 | 00:56

Setup fixed asset category to further organise asset groups when printing

Asset group default setting

11/16/2021 | 02:07

Learn how to preset depreciation method, residual value and useful life in each asset group

Reference number setting for fixed asset postings

11/15/2021 | 00:15

All postings must have reference number for tracking and verification across modules. Learn how to setup your reference number for fixed asset postings

Fixed asset b/f from last period (Opening balances)

11/21/2021 | 03:48

Learn how to take in the existing physical fixed asset items into Realtimme Cloud fixed assets register brought forward from last period

Payment for purchase of fixed assets

11/25/2021 | 01:03

Learn how to make a payment for a purchase of a fixed asset, following that, to record the new addition into the fixed asset register

Addition of fixed assets

11/25/2021 | 01:53

Afer recording the purchase of fixed asset in the payment module, you are ready to record the new addition of fixed asset into the FA register

Generate monthly depreciation to general ledger

11/21/2021 | 01:48

As part of your monthly balance sheet reporting, process your monthly depreciation from the depreciation schedule generated by the system to your general ledger

Print fixed asset monthly schedule report

11/21/2021 | 00:57

Print your monthly fixed asset schedule report as part of your supporting document for balance sheet

Proceeds from sale of fixed asset with Gain or loss in disposal

11/21/2021 | 02:47

Fixed asset disposed off before the useful life will have gain or loss in asset disposal. System will auto post GL journal when recorded a disposal.

Inactive fully depreciated fixed asset

11/21/2021 | 01:33

Fixed asset that are fully depreciated and no more in use, is to be set as inactive and reverse out from the balance sheet

Sum of year digit method

07/13/2014 | 02:27

Learn how to set the depreciation methoud using sum of digit and the calculation to arrive at yearly depreciation value

FAQ : Multiple units of the same FA

07/12/2014 | 02:14

To keep the record as a total or individual asset?

FAQ : Residual value / Disposal value

07/13/2014 | 02:00

Learn how to set the residual value of the fixed asset or to account for the fixed asset after the useful life

FAQ : Impairment of fixed assets

07/13/2014 | 01:58

Learn how to manage the existing fixed asset when there is a impairment of some items in the list