Fixed Assets

What it does

Fixed Assets tracks your business equipment, vehicles, property, and other capital items. It calculates depreciation automatically based on the method and rate you choose, and records disposals when you sell or scrap an asset.

Key actions

• Register assets with purchase price, date, and depreciation method
• Record depreciation entries (straight-line or reducing balance)
• Dispose of assets and record sale proceeds
• Bulk-manage assets

Getting started

Go to Accounting > Fixed Assets. Click "New Asset", enter the details and depreciation settings, then save. Run depreciation periodically to keep your books current.