Managing Fixed Assets | Scribe

    Managing Fixed Assets

    • Annmarie |
    • 117 steps |
    • 5 minutes
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    The below steps will guide you in creating a Fixed Assets and managing this within MyFundAccounting.online **( Assets whose nature is not transient, e.g vehicles, office equipment etc)**
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    For specific information on how to handle the fixed asset we advise to see SORP 2005 para 253 and 254
    1
    Navigate to [https://www.myfundaccounting.online](https://www.myfundaccounting.online/dashboard)

    Create a Fixed Asset

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    Click "Create"
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    Click "Accounts Assistant"
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    Click "Nominal Accounts"
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    Click "Fixed Assets"
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    All existing Fixed Assets will be displayed below. To create a new Fixed Asset click "Add new"
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    Enter a description and account code
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    You can enter a report group name if you wish to generate a report on a group of Fixed Asset Codes.
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    Select the class from the drop down menu provided
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    You can enter any notes that relate to the Fixed Asset
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    To mark the code as Active ensure there is a tick in the check box provided. Should you need to mark this as inactive you can simply uncheck the box
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    Click "Save" once you have finished entering all the details for the new Fixed Asset
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    The below message will appear once the code has been saved successfully.

    Transaction Assistant

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    Once your code has been created you can now manage your Fixed Asset through the Transaction Assistant
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    Click "Transactions"
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    Click "Transaction assistants"