New Asset
- From the Assets page, select 'Add' on the upper right side of the page,
- Select 'Asset',
- Enter the assets details,
- Once you have selected an appropriate Accounts Depreciation method the Residual Value field will display.
- Entre the Residual Value
- Select 'Save'
Existing Asset
- From the Assets page, select the asset you would like to add residual value amount to,
- Ensure you are in the appropriate regime (i.e. book, Accounts only),
- Select 'Add',
- Select 'Reassessment',
- Chose your desired reassessment date, method and effective life (these may stay the same),
- Set the residual value,
- Select 'Reassess'.
Note: Residual value is only applicable to the accounting book.