Fixed Assets
Everything you need to know about managing fixed assets, depreciation, disposals, and asset reporting in Cybooks
By Christopher1 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.