Assets, recognition and inventory

Choose the company for a fixed-asset review

Open one company's capitalized assets and current book evidence.

Updated 2026-11-11

Post an acquisition before registering a fixed asset

Use existing capitalized cost without duplicating the purchase.

Updated 2026-11-11

Find the posted acquisition cost for an asset

Select eligible unallocated fixed-asset evidence in the register form.

Updated 2026-11-11

Review capitalized cost before saving an asset register entry

Tie the scheduled amount to the selected posted source.

Updated 2026-11-11

Set a clear asset name and in-service date

Identify the asset and the start of its depreciation schedule.

Updated 2026-11-11

Enter useful life and residual value for an asset

Review the estimates used by the monthly schedule.

Updated 2026-11-11

Choose the first and last month convention for depreciation

Review half-month and full-month schedule behavior before registration.

Updated 2026-11-11

Select monthly double-declining depreciation

Use the supported full-month book method and inspect its policy notice.

Updated 2026-11-11

Choose an accumulated depreciation account

Map the asset schedule to the intended fixed-asset contra account.

Updated 2026-11-11

Choose the depreciation expense account for an asset

Keep the schedule's recurring charge mapped to the reviewed account.

Updated 2026-11-11

Review the asset schedule preview before registration

Check the first period, total depreciation and monthly period count.

Updated 2026-11-11

Prepare the next monthly depreciation journal

Submit the asset's next eligible source-linked period for review.

Updated 2026-11-11

Pause depreciation preparation for an asset

Stop preparing new schedule journals while reviewing the asset.

Updated 2026-11-11

Review a changed book policy on a fixed asset

Confirm the asset's existing basis before preparing more activity.

Updated 2026-11-11

Change an asset estimate prospectively

Update future depreciation while preserving earlier schedules and journals.

Updated 2026-11-11

Revise an asset's remaining useful life

Base future periods on the current carrying value and approved estimate.

Updated 2026-11-11

Revise the residual value of an existing asset

Review the new estimate against the remaining carrying value.

Updated 2026-11-11

Review a prospective change in depreciation method

Compare the future method while retaining the original book history.

Updated 2026-11-11

Resolve a pending asset estimate before preparing more journals

Complete or withdraw the existing proposal before changing the schedule again.

Updated 2026-11-11

Reload changed evidence before deciding an asset estimate

Base approval on the current proposal and carrying value.

Updated 2026-11-11

Prepare an asset for disposal review

Complete prior-month depreciation before the disposal journal.

Updated 2026-11-11

Use already-recorded sale proceeds for an asset disposal

Clear the supported liability source without duplicating cash.

Updated 2026-11-11

Map a gain or loss on asset disposal

Choose the supported account shown by the reviewed disposal calculation.

Updated 2026-11-11

Confirm that an asset disposal journal was posted

Use the retained journal and disposal history rather than the preparation screen alone.

Updated 2026-11-11

Reverse asset journals in the supported order

Start with the latest active disposal, then reverse depreciation from newest to oldest.

Updated 2026-11-11

Review the original evidence in an asset reversal proposal

Confirm the exact journal and effective date before approval.

Updated 2026-11-11

Withdraw or reject an asset correction proposal

Resolve a pending correction without changing the original posted journal.

Updated 2026-11-11

Void an eligible fixed-asset register entry

Remove an unsupported schedule through the retained-history control.

Updated 2026-11-11

Create a prepaid expense recognition plan

Schedule monthly expense from an original posted prepaid asset.

Updated 2026-11-11

Create a deferred revenue recognition plan

Use a posted liability source for reviewed monthly revenue.

Updated 2026-11-11