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 *)

  • Name*
  • Group*
  • Cost*
  • Purchase date*

3. Fill in required Tax and Accounts Depreciation

  • Method
  • Effective Life
  • Rate

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.