Fixed Asset Records

a fixed asset record is created for each asset purchased the record contains key information used to manage the asset for accounting and insurance purposes general fields fixed asset id gravity will automatically assign an internal fixed asset id in sequence name enter a name for the fixed asset acquisition cost enter the acquisition cost type select from the options new leased used other description enter a description for the asset additional fields additional fields are supplied for users to track additional asset information retirement date this is a system maintained field and is filled in when the asset is retired defaults asset account/purchase from account these accounts are completed by the acquisition wizard accumulated depreciation account/ depreciation expense account these accounts are required and used for the monthly posting a depreciation expenses proceeds account/gain/loss account these accounts are used by the retirement wizard when assets are retired books voucher fixed assets this contains one record for each voucher line attached to the fixed asset these records can be created from the acquisition wizard or manually by selecting "add existing voucher"