Set up efficient fixed assets management icon

Set up efficient fixed assets management

  • 19 min.
  • Module
  • 5 Units
  • Finance

Fixed assets management often involves a bookkeeper coordinating with a colleague who has more specialized knowledge. This can create bottlenecks in processes, or cause errors that can be complicated to fix. The Extended Fixed Assets module provides template functionality which lets users with fixed asset knowledge create templates that bookkeeper colleagues can quickly apply in purchase invoices, general journal lines and fixed asset cards. You also gain the ability to create single fixed asset cards for items that have multiple quantities, such as furniture. What’s more, the Partial Disposal feature brings together all the necessary steps and procedures for either selling or scrapping a fixed asset. Lastly, you can generate a handy selection of flexible reports about fixed assets.

Learning objectives

By the end of this module, you’ll be able to:

  • Create a fixed asset template
  • Apply a fixed asset template in a purchase invoice
  • Create a fixed asset with multiple items
  • Generate reports about fixed assets
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