How to create a fixed asset record

Search for	Example	Results
A single word	`cat`	Topics that contain the word "cat". You will also find its grammatical variations, such as "cats".
A phrase. You can specify that the search results contain a specific phrase.	`"cat food"` (quotation marks)	Topics that contain the literal phrase "cat food" and all its grammatical variations. Without the quotation marks, the query is equivalent to specifying an OR operator, which finds topics with one of the individual words instead of the phrase.

Search for	Operator	Example
Two or more words in the same topic	`AND` `and` `+` (plus symbol) `&` (ampersand)	`cat AND dog` `"cat food"+milk` `"cat food"&"dog food"`
Either word in a topic	`OR` `or` `\|` (pipe)	`cat OR dog` `cat \| dog`
Topics that do not contain a specific word or phrase	`NOT` `not` `!` (exclamation point)	`NOT cat` `! dog`
Topics that contain one string and do not contain another	`^` (caret)	`cat ^ mouse`
A combination of search types	`( )` parentheses	`cat + (dog \| mouse)` `cat \| dog + (! mouse)`

From the main menu, select Run > Financials > Fixed Assets. The Fixed Assets page is displayed.

Click New.

In the New Fixed asset dialog box, provide all requested information.

In the Initialization options section, the following field appears:

Field	Description
Select phase	Phase of the fixed asset record to be created.

In the Details section, the following fields appear:

Field	Description
Display label	External (common) name of the fixed asset.
Fixed asset number	A unique number assigned to the asset.
Accounting code	The accounting code for the asset.
Residual value	The residual value of the asset.
Currency	The currency of the residual value.
Residual value date	The date of the residual value.
Description	A detailed description of the asset.

In the Depreciation section, the following fields appear:

Field	Description
Depreciation basis	The cardinal number for depreciation.
Depreciation scheme	Scheme specifying how the asset model is depreciated, such as linear, geometric, or sum of digits.
Depreciation duration	The duration of depreciation in months. Note When the Depreciation scheme is Sum of digits, the value that you specify must be a multiple of 12, such as 24, 36, and 48.
Depreciation rate	The rate of depreciation. Available when: the Geometric depreciation scheme is selected.
Depreciation date	The date depreciation is started.

Click Save.