Fixed Assets entry without Add-on

Problem: How to make a Fixed Assets entry without Add-on? Solution: 

In order to enter Fixed Assets without adding, you need to do the following steps:
1. Create Invoice received - with the required details, record the item as an inventory.



2. Record Inventory write off to dispose of this inventory - Go to Warehouse > Stocktaking Documents > Inventory Write-Offs




3. The inventory will be written off to the Fixed assets GL and will appear in the Statement of Financial position.

4. To calculate the depreciation monthly, record other expense transactions. Path to open other expense documents - Accounting > Other expense

Create other expense transactions with the below following details:


You will need to record the depreciation every month manually, (You can copy the same transaction and manually change the date):

With the other expense transaction, the value of the fixed assets will reduce (refer to the below screenshot):

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