Skip to main content

Fixed Assets

Everything you need to know about managing fixed assets, depreciation, disposals, and asset reporting in Cybooks

1 author12 articles
Introduction to Fixed AssetsLearn what fixed assets are, why they matter for your business, and how the fixed assets module works in Cybooks.
Setting Up Asset TypesLearn how to create and manage asset types (categories) in Cybooks to organise your fixed assets and configure depreciation settings.
Creating a Fixed AssetLearn the three ways to add a fixed asset in Cybooks: from a purchase, from an opening balance, or from another source.
Registering and Unregistering AssetsLearn how to register a draft asset to activate it, what happens during registration, and how to unregister if needed.
Understanding DepreciationLearn how straight-line depreciation works in Cybooks, how monthly amounts are calculated, and what averaging methods are available.
Running Monthly DepreciationLearn how to process monthly depreciation for your fixed assets, view depreciation entries, and understand the journal entries that are created.
Rolling Back DepreciationLearn how to reverse depreciation entries if they were processed in error, including the rules and the effect on your books.
Revising Estimates (Useful Life and Residual Value)Learn how to adjust the useful life or residual value of a registered asset when circumstances change, following IAS 16 accounting standards.
Disposing of a Fixed AssetLearn how to dispose of a fixed asset by selling, scrapping, donating, or exchanging it, and how Cybooks calculates the gain or loss.
Deleting a Fixed Asset (Mistake Correction)Learn the difference between deleting and disposing of a fixed asset, how deletion reverses all accounting entries, and when to use each option.
Auto-Created Assets from Bills and ExpensesLearn how Cybooks automatically creates draft fixed assets when bills or expenses are coded to fixed asset accounts.
Fixed Asset ReportsLearn about the Movement Schedule and Reconciliation reports for fixed assets, what they show, and how to use them for auditing and compliance.