On this tab, you can list the fixed assets created based on the inventory item specified on the Main tab. For each fixed asset, you can specify the accounting parameters for this fixed asset's depreciation.

The "Fixed Asset Entry (create)" form
Click Add on the toolbar to append a line to the document.
In the Fixed Asset column, select or create on the fly a fixed asset matching the inventory item specified on the Main tab or one unit of the inventory item.
In the Initial Cost column, enter the initial cost of the fixed asset or click the Distribute Amount button to distribute the item amount between the listed fixed assets.
In the Depreciation method column, you can select one of the following depreciation methods available:

• Linear: To calculate depreciation in equal monthly amounts during the fixed asset useful life.
• Units of Production: To calculate depreciation amounts proportionally to actual usage of the fixed asset.

Use the Useful Life (Months) column for entering the number of months the fixed asset is being planned for usage.
In the UOM column, select the unit of measure for usage.
The Amount of work for Calculation in Natural Units column is used only for assets for which the Units of Production selected as the depreciation method. You can enter the maximum usage in the specified UOMs required for full depreciation of the asset.
A check box selected in the Depreciate column indicates that for this asset the system will calculate depreciation in accordance with the selected method until the asset will be disposed of or fully depreciated. By default the depreciation starts in the month next to the date of the document.
A check box selected in the Depreciate in Current Month column indicates that depreciation must be calculated in the month when the asset was accepted for accounting.
The Expense GL Account column shows the default GL expense account selected for transactions with the fixed asset. If needed, you can assign another GL account from the Expenses section of COA.
In the Department column, you can specify the department associated with usage of this fixed asset.
In the Expense Item column, you can select an expense item associated with this fixed asset depreciation costs.
Use the Business Activity column to select the business activity with which this fixed asset is associated.
The GL Accounts column shows the default GL accounts to be used for the fixed asset depreciation.
In the Transaction Content column, provide a brief comment related to the fixed asset accepted to accounting .

The Fixed Assets tab toolbar buttons

The Distribute Amount button is used if you need to distribute the initial cost of the inventory item between the associated fixed assets. The only currently available option for such distribution is Evenly.