Fixed Assets - tab Value

Line

Number of the line.

Date

Creation date of the event:

• By acquisition it is the date of activation of fixed asset, which is at the same time the date according to which it is established when depreciation calculation starts. If in the main window you change the date of activation of fixed asset, then the date in this field (for entry type 1 - Acquisition) is also automatically changed. In case depreciation has ben already calculated it was probably calculated for the wrong period. The program warns us about this (see Date of activation has been changed! Should the date in the value adjustment item also be modified? In this case it is mandatory that you verify the validity of the calculated depreciation!). (If date of activation does not exist at the moment of entry to the register, then date of acquisition of fixed asset is entered in this field - possible modifications of date of activation may be entered subsequently manually.
• in depreciation calculation (21, 22 and 23) this is the date when you confirmed the calculation (see depreciation calculation). 

hint In the next report depreciation is calculated from the date displayed here!

• for the remaining entry type (3, 4, 5, 6, 7, 8) the date in value adjustment is an indicator of the start of depreciation calculation for this entry. When posting value adjustment this date is used as the period date, to which the post belongs.

Purchase value

The amount of (revaluated) purchase value which is:

• the actual purchase value by acquisition of fixed asset
• after the possible revaluation report revaluated purchase value of fixed asset from the report

HINT The value is always entered as a positive amount because the program shall according to the entry type consider cases in which the value entered here is deducted (tip 5 - Downward revaluation in downward revaluation accounts or 23 - Depreciation in downward revaluation accounts or 7 - Reversal of upward revaluation).

Accumulated Depreciation 

The difference between the purchase value and accumulated depreciation is shown as accounting (carrying) value.

hint The value is always entered as a positive amount because the program shall according to the entry type consider cases in which the value entered here is deducted (type 5 - Downward revaluation in downward revaluation accounts or rather 23 - Depreciation in downward revaluation accounts and 7 - Reversal of upward revaluation)..

Currency

Currency in which value of fixed asset is measured.

Status

Status of fixed asset.

All active fixed assets by default have status AK - Active, nonactive ones (sold or written off and deactivated that is disposed fixed assets) have the status NO.

When the inventory count sheet is created it shall include only active fixed assets. That is those marked for depreciation and revaluation calculation.

WARNING Nonactive fixed asset cannot be activated AGAIN - if the need is such, you have to reverse the deactivation of fixed asset.

Book Value

We calculate book value as difference between purchase value less accumulated depreciation.

Depreciation

Depreciation of the period.

Related document

Internal ID of the document that is the base for value adjustment:

• by acquisition (entry type 1-Acquisition) this is the information from the Related document field
• by revaluation and depreciation report (entry type 2X) this is the internal ID of the (confirmed) calculation
• if value adjustment has been manually entered and then posted it by using the posting value djustment function from the right mouse click menu (it is valid for entry types 1 and 3 to 8), this is the journal entry ID where the entry has been posted

Specific documents mentioned above can also be directly opened by double-clicking the document ID.

WARNING If you delete the journal entry or depreciation calculation, this does not mean that you deleted this record! - You can delete the post by first deleting the journal entry for posting and then its ID that can be found in this field. Only now you are allowed to post the item once more. - Deleting data from depreciation calculation is performed with the restoring of the report.

Entry type

It determines the type of record in the fixed assets register. 

Types 21, 22 and 23 are created automatically. Others may be entered manually and then posted. For a detailed treatment see topic Entry types.

Entry type tells us about the change posted on fixed asset account.

Changing and deleting of individual records (date, purchase value, value adjustment, related document, entry type, account) in value adjustment item of fixed asset and/or small tools is not allowed anymore after the posting to the general ledger. The following message is returned: You cannot change the item because it has already been posted!

WARNING Entry types 21, 22 in 23 are used for depreciation calculation and come automatically to fixed asset account after confirmation of depreciation calculation.

WARNING Users without strengthen and impairment of fixed assets will only use entry type 1 - Acquisition, 21 - Depreciation on acquisition accounts and 6 - Disposal of fixed assets.

Available entry types are:

• 1 - Acquisition- Acquisition - Debit account
• 21 - Depreciation on acquisition accounts - Acquisition - Debit account
• 22 - Depreciation on upward revaluation accounts - Upward revaluation - Debit account
• 23 - Depreciation on downward revaluation accounts - Downward revaluation - Credit account
• 3 - Upward revaluation on acquisition accounts- Acquisition - Debit account
• 4 - Upward revaluation on upward revaluation accounts - Upward revaluation - Debit account
• 5 - Downward revaluation on downward revaluation accounts - Downward revaluation - Credit account
• 6 - Disposal of fixed asset - no record
• 7 - Reversal of upward revaluation - Upward revaluation - Debit account
• 8 - Reversal of downward revaluation - Downward revaluation - Credit account
• 9 – Partial deactivation
• 10 – FA Sale

hint IRIS message show when selecting Entry type: 10 - FA Sale while status of fixed assets is still active.

Account

It tells you on which account is the purchase value of fixed asset, or rather its upward or downward revaluation posted.

Data is filled automatically after the entry type has been selected. It can be used for various summary inspections and reports. Apart from this you can thus also keep track of fixed asset for which you "transferred a post" from one account to the other. 

Type of entry - in which the program finds the data for Account field

• 1 - Acquisition- Acquisition - Debit account
• 21 - Depreciation on acquisition accounts - Acquisition - Debit account
• 22 - Depreciation on upward revaluation accounts - Upward revaluation - Debit account
• 23 - Depreciation on downward revaluation  accounts - Downward revaluation - Credit account
• 3 - Upward revaluation on acquisition accounts- Acquisition - Debit account
• 4 - Upward revaluation on upward revaluation accounts - Upward revaluation - Debit account
• 5 - Downward revaluation on downward revaluation accounts - Downward revaluation - Credit account
• 6 - Disposal of fixed asset - no record
• 7 - Reversal of upward revaluation - Upward revaluation - Debit account
• 8 - Reversal of downward revaluation - Downward revaluation - Credit account

Note

The column is hidden by default. It can be fulfilled manually or is note automatically filed when creating FA from supplier invoice by using wizard.

Invoice no.

Shows invoice number that represents internal number of received invoice for FA purchase.