Take a free trial of Clear Books Or take a look at our new product Clear Books Micro

Fixed Asset Register

Question asked by Abigail Langridge 5 years ago

Is it possible to add an asset to the fixed asset register when that asset is not being deprecated? I have some property purchases which are being revalued annually rather than depreciated but it doesn't seem to let me approve an asset without putting in a depreciation rate.

1 Reply

Hi Abigail,

The main function of the fixed asset tool is to automate (or aid with) depreciation. If you don't want to depreciate the asset you can just delete it from the Tool so that it is not listed - it will of course still remain on the balance sheet as deleting the asset does not delete the transaction behind it.

file

Reply to this question

Attach images by dragging and dropping or upload
 

Your comments will be public and can be answered by anyone in the Clear Books community.

Find out what we do and who we are