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Your organization must show both tangible and intangible assets on your balance sheet, with tangible assets listed first. For details, refer to Financial Statements.
For managing accounting of fixed assets, you can use the following reports in the Asset Management module:
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- Statement of Depreciation: The report lists the fixed assets grouped by department with the details of depreciation. You can filter the data by entity, department, and specific fixed asset.
- Balances of Capital Improvements Costs|: The report shows the costs of capital improvements on the specified date listed by fixed asset and expense item. You can filter the data by entity, fixed asset, or expense item.
- Balances of Construction in Progress Costs: The report shows the costs of of fixed asset construction in progress on the specified date listed by fixed asset and expense item. You can filter the data by entity, fixed asset, or expense item.
- Costs of Capital Improvements to Fixed Assets: The report shows how the capital improvement costs changed during the specified period for the fixed assets. Expense items reflect the structure of costs. You can filter the data by entity, fixed asset, or expense item.
- Costs of Fixed Asset Construction in Progress: The report shows how these costs changed during the specified period for the fixed assets under construction. Expense items reflect the structure of costs. You can filter the data by entity, fixed asset, or expense item.
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