| Using Assets |  |
| Fixed assets include property, buildings, and equipment that are expected to reduce your company's costs or increase its income. In the Fixed Assets Management module, you record data about the fixed assets your company owns. You record asset data to keep track of the assets your company uses and to record transactions for the assets. You assign one or more books to an asset. A book determines how an asset depreciates, and stores all transactional data for the asset. When you associate a book with an asset, you create a relationship between the asset and that book, called an asset book. After you enter assets, you can record transactions for them. You use transactions to capitalize an asset to depreciate the asset's cost, to adjust capitalized assets that you can no longer directly change manually, to (partial) dispose of an asset that you no longer own, or to transfer an asset to another location. Related topics Assets and Related Books Using Books |