Add a single asset
1. From the assets home screen, select '+Add' located in the upper right corner.
- Select 'Asset'
2. Fill in mandatory fields (denoted by an *)
- Purchase date*
3. Fill in required Tax and Accounts Depreciation
- Effective Life
4. Select 'Save' in the top right corner. And you will be redirected to your new assets page.
5. Optional fields include,
- Assign Classifications,
- Add Custom Fields,
- Add Tax and Accounts notes,
- Set Taxable Use.
If you select a date that qualifies for the Backing Business Investment (BBI) Accelerated Depreciation, you will notice a new check box displayed in the Tax Depreciation settings. Select this button to use BBI tax methods.