Asset Register

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From the General Ledger Menu select 'Asset Register' and the following screen will appear. If you are just starting the asset register you will need to create the Asset Groups First.

·	Code      Next number after the last asset entered

·	Description   What it is you have brought

·	Group   This is what area of the assets register it is to    go in i.e. Furn & Fittings these setting are set    up in the Asset Groups

·	Serial Number   If the machine has one

·	Annual Rate         This is taken from the Inland Revenue depreciation book found.

·	Purchase Date      The date you purchased the item

·	Purchase Price      The actual price you paid for the item

·	Current Book Value      This is the same as the purchase price

·	Depreciation Date      The same as the purchase date

·	Depreciation Value      The same as the purchase price

·	Depreciation A/c      This is set by the 'Asset Group'

·	Asset A/c         This is set by the 'Asset Group'

·	Profit/Loss on Sale      This is set by the 'Asset Group'

From this screen you can also post the depreciation to the General Ledger, print your asset register, set all assets to one deprecation date and do your end of year rolloever.