To book the opening balances for the assets, please follow these steps:
- Create the Asset groups for your assets. In the Asset groups, the assets share the Asset type and the Depreciation frequency. Asset types available in AccountingSuite Asset management module are: Fixed assets, Intangible assets, Prepaid expenses and Low value assets. Please note, that Asset type is a fixed list, that cannot be adjusted by the user.
- Create the Assets. Use the Data Import Tool to create multiple assets.
- Enter the opening balances for the assets using a Data import tool in the Journal Entry: the entry should be Dr Initial cost account (set in the respective Asset group) Cr Opening balances account.
- Create Initial recognition documents for the assets.
- Check the Fixed Asset report.