How to Add new Fixed Assets?
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Mar |
Please find the below step to add new fixed assets:-
A. Create GL Account
Step 1:- Go to Accounts Section
Step 2:- Settings Button
Step 3:- Click on Add GL Account in System configuration
Step 4:- Select type of Account
Step 5:- Select Tag as
Step 6:- Select G/L group name
Step 7:- Type account name
Step 8:- Click on Add Account
B. Book Fixed Assets
Step 1:- Go To Assets & Investments
Step 2:- Click on Add New Fixed Asset in Fixed Assets
Step 3:- Enter Purchase date
Step 4:- Enter Narration in Asset Description
Step 5:- Enter the rate of Depreciation
Step 6:- Enter Scrap Value
Step 7:- Select Mode of calculation for Depreciation
Step 8:- Select mode Period
Step 9:- Select Vendor
Step 10:- Select Debit GL account with GST and the taxable amount
Step 11:- Enter amount in respective Accounts on Debit side
Step 12:- Select Credit GL account with TDS Account
Step 13:- Enter amount in respective Accounts on the Credit side
Step 14:- Click on Add Fixed Assets
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