Transactions
Entering Transactions
This section and relevant links describe how to acquire and edit assets and how to perform transactions relating to the disposal, write-off and revaluation of your assets. You can also view the book and tax values of each asset as you perform these ...
Adding second elements of cost
Under the Uniform Capital Allowance (UCA) system, an asset's cost is composed of two elements: the first element of cost, which is the purchase price, and other amounts paid to transport or install the asset, and the second element of cost, which is ...
To revalue an asset
To revalue an asset 1 Go to the Transactions command centre and click Asset Transactions. The Asset Transaction window appears. 2 Click the search icon in the Asset ID to select the asset you want. 3 Enter the revalue date in the Date field. ...
Disposing of an Asset
Disposing of an Asset Disposing of an asset usually refers to the sale of an asset. When you dispose of an asset you need to create an asset transaction to record the details of the disposal. There a number of rules governing the disposal of assets ...
Viewing, Deleting and Printing Transactions
The Transaction List window is a record of all asset transactions that have been performed. You can view and delete these transactions when viewing the Transaction List. There are a combination of searches you can use depending on the information you ...
Bulk Write-Off Transactions
When an asset has reached the end of its estimated useful life, such as when it has been scrapped, lost, or decommissioned with no sale value, you need to write it off. In some cases you might need to write-off a large number of assets on a certain ...
Writing off assets
When an asset has reached the end of its estimated useful life, such as when it has been scrapped, lost, or decommissioned with no sale value, you need to write it off. If you are not sure whether you can write off an asset, please consult your ...