The standard report 'Fixed Assets Overview' displays the sub-assets for each main asset along with the financial data of the respective sub-asset (acquisition and depreciation data).

Example entry 'Fixed Assets' in the 'Fixed Assets' journal after the action 'Process Fixed Assets'. Transaction type 18 Fixed Assets.

The second step in the period closure is updating all manual entries. Think of manual purchase and sales invoices, bank statements, cash transactions, and periodic items such as accrued assets and payroll journal entries.

Investments, such as machinery, are typically depreciated over a certain number of periods. For this, you create a depreciation plan that begins in the fiscal year and the period in which the investment was made. In this article, you will learn how to create a depreciation plan.

Assets, such as machines, that have been depreciated can be taken out of service and potentially sold. This investment needs to be deactivated. In this article, you will learn how to deactivate an asset.

The Fixed Assets module provides the capability to manage and appraise all durable production assets.