Use Fixed Assets when you want capital spending and depreciation to flow through the model correctly.
Add the asset
Add an asset from Schedules > Fixed Assets; the form opens in a modal and requires initial account allocations.
The fields that matter most:
- Cost
- Salvage Value
- Purchase Date
- In-Service Date
- Useful Life (months)
- Depreciation Method
Enter the useful life in months — 60 means five years.
Review and edit the asset
This is where you can:
- correct the asset fields
- change allocations
- add dimension allocations
- review the depreciation schedule
Purchase date vs in-service date
Keep these separate when they are genuinely different.
- Purchase Date controls when cash and the asset hit
- In-Service Date controls when depreciation begins
If the item is purchased in January but not placed in service until February, depreciation should start in February.
What flows to the statements
Fixed Assets can drive:
- the asset balance
- depreciation expense
- accumulated depreciation
- related cash timing
If you add a disposal date or proceeds, the schedule uses those fields to stop depreciation and reflect the disposal event.