New Fixed Asset

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Procasa
Procasa Member Posts: 9 ✭
in Reckon Accounts (Desktop)

Hi

I have found that I can enter new fixed assets through Lists>> Fixed Asset Item List>> then i add an item. I have never seen this option so i added a new fixed asset (being the new tablet for the office)- Do I still enter the purchase and create the asset? as we would be claiming the full depreciation this year i would usually enter it then journal it to instant write off.

Do i still follow this procedure or should i move all assets to this list as it seems i can get the accountant to use this option rather than journals each year?

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  • Acctd4
    Acctd4 Accredited Partner Posts: 3,426 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
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    The Fixed Asset Items section works in the same way as the standard Items section, it just allows you to record more specific detail related to the purchase & to run a few list reports.

    You still enter the purchase transaction, but you can choose to select this Fixed Asset Item on the Items tab now (in the same way you can create an "Item" v posting direct to its applicable expense/COGS on the Account tab)

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! ***

    * Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    shaz@accounted4.com.au

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    (NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)

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