Problem: How to convert expense into intangible assets? Solution: In order to convert expense into intangible
assets, please follow the steps below:
1, Record- Purchase of the item.
Specify the quantity, price and amount.
See also: 4.2.3.1. Invoices Received (Receipt From Supplier).
Generate a report to check your actions.
2,Create Fixed Asset Entry- This is created to accept the item for accounting as an intangible asset.
Go to Accounting > Fixed Assets entry> click on create option to create a new fixed assets entry Specify the item,
quantity, unit of measurement and amount. 
Specify the intangible asset, amount, method of depreciation, useful life, whether or not to charge depreciation.
See also: 12.1.1.1. Adding a Fixed Asset
Generate a report to check your actions.
Open the fixed assets catalog.
Amortization are auto generated with Month end closing execution.
3, To record the additional expenses of the item which has been recorded as Intangible asset- Create an Invoice
received with expense added.
Generate a report to check your actions.
4, Create a document Other expenses with the Reverse transaction type- This will be created to reverse the
expenses and increase the value of the Intangible asset.
Specify the expense account, department, intangible assets account, name and amount.
Expense GL Account CR- Should be EXPENSE GL used in Invoice received.
GL Account DR- it should be the GL of asset i.e.. Intangible asset.
See also 7.5.4. Other Expenses
You can see the below Trial Balance report, the expense of 10, 000 is closed.
5, Create a document Correcting registers- It is necessary to correct the registers to appropriately effect the required
reports linked to this entry. 
Specify the register.
Fill in all required fields.
HOW TO UNDERSTAND WHICH REGISTER TO USE?
You can get the data to fill out from the document of acceptance for accounting i.e. Fixed assets Entry.
Open the fixed assets catalog. The value of intangible assets has been increased.
7, Once the entries are done, Month end closing should be done consequently (May-December).
Open the fixed assets catalog.
Generate a report to check your actions.
Thanks for being a First bit Customer!