Manual Transaction: Fixed Asset Properties Tab

Field

Used to

Inventory number

Select a unique inventory number that was created specifically for the specified fixed asset or create a new one.

If you click Create new, you will be taken to the page for adding a new inventory number. 

• Inventory number has to be unique and previously unused in recognition documents. To check whether the particular inventory number was used earlier, you may go to the Reports module and build a Fixed asset balance report. The report will retrieve the total number of previously recognized fixed assets by their inventory numbers. In case the chosen inventory number is not unique, the document will not be saved and you will receive an error message.
• It is a required field. If you do not select an inventory number, you will not be able to save the document.

Fixed asset

Manually select the fixed asset that you want to add to manual transaction document.

• Or, by clicking the Fill all / Fill from consignment buttons, you can automatically add all fixed assets that are in stock or are acquired with the chosen consignment document but have not been recognized as fixed assets as of the document date. 
• It is a required field. If you leave the field empty, you will not be able to save the document. 

Methods of depreciation accrual

Select a method of depreciation accrual for the chosen fixed asset.

• It is an autocompleted field. The method of depreciation is retrieved from the respective item record created in the Item directory where default parameters for the fixed asset were specified under the Accounting tab. Still, you can select an alternative method of depreciation instead of the default one if necessary. If you delete the autocompleted method of depreciation and do not select an alternative one, you will not be able to save the document.
• Right now, only the straight-line depreciation method is available in Codejig ERP.

Fixed asset account

Bookkeeping account that transactions on fixed assets are accounted.

Depreciation account

Bookkeeping account that transactions on depreciation are accounter.

Expense account

Bookkeeping account that transactions for expenses are accounted.

Period in use (months)

Specify the total number of months during which this fixed asset will be used and its value will be gradually written off on expenses as depreciation.

• It is an autocompleted field. The useful life (months) is retrieved from the respective item record created in the Item directory where default parameters for the fixed asset were specified under the Accounting tab. Still, you can specify an alternative useful life (months) instead of the default one if necessary.
• The stated number of months cannot be smaller than zero.

Salvage value

Specify the expected salvage value of the fixed asset at the end of its useful life.

• By default, salvage value is equal to 0, although you may set the salvage value that is greater or smaller than zero.

Responsible person

Select a company employee responsible for the fixed asset.