Fixed Asset Status
The Fixed Asset Status register defines whether depreciation and/or revaluation will be applied to an asset. When a status is selected in the Value or Tax Depreciation tabs, it determines how the asset will be processed - depreciated, revaluated, both, or neither. This structure ensures that each asset’s status clearly defines how it is handled in financial processing, supporting accurate accounting and reporting.
The register can be accessed in the Fixed assets, Small Tools and Register-Fixed Assets in Acquisition registers by double-clicking the status field in the Value or Tax Depreciation tabs.
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Hint
Examples of how to use the Fixed Asset Status are described on the corresponding pages of the User Manual.
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Table of contents
- Toolbar
- Cetral Form
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Toolbar is located at the top of each PANTHEON form within the program window. Its general functions are described in the chapter Toolbar. A function specific to Fixed Asset Status is the Fixed asset statuses report, which can be accessed by clicking the
(Reports) button.
The Central Form in the Fixed Asset Status register is used to define and manage asset statuses that determine how assets are treated in terms of depreciation and revaluation. It includes the following functional units:
| Status |
A unique two-character code identifying the status. Common codes include AK for Active or NA for Inactive, but custom statuses can be created to suit specific needs. |
| Def. (default) |
Check the box to define which status is displayed as the default. |
| Name |
A descriptive name for the status, up to 40 characters in length, providing clarity on its purpose, such as Active and Inactive. |
| Depreciation |
A checkbox indicating whether assets with this status should be included in depreciation calculations. If unchecked, the program will skip depreciation entries for assets with this status. |
| Revaluation |
A checkbox determining whether revaluation should be applied. If unchecked, the program will skip revaluation entries for assets with this status. |