Asset Management Settings

The Asset Management application helps you track and process depreciation or amortization for asset items that you capitalize. Use Settings > Accounting > Asset Management to enter enterprise-wide settings for the Asset Management application.

With Asset Management, you can manage an item over its entire life cycle and better assess the risks and overall performance when you make equipment decisions.

Asset Management works in conjunction with the Equipment hub (in the desktop application). The Equipment hub stores the capital items that the Asset Management application tracks, calculates depreciation for, and provides data for in related reports.

In the Asset Management application, you:

  • Process depreciation and amortization for asset items.
  • Transfer or split asset items.
  • Dispose of asset items.
  • Review history and summary information for asset items.

Related Topics:

  • Asset Management Setup Checklist
    You may find it helpful to use a checklist as a guide in setting up the Asset Management application.
  • How to...
    When you configure the Asset Management application, you define tax books, depreciation methods, property types, asset types, improvements, and Section 179 deduction limits.
  • Fields and Options
    Use Asset Management Settings to set up the elements of the Asset Management application, such as asset, property, and improvement types.
  • Learn More About...
    Review asset management terminology, considerations for enterprises with multiple companies, and depreciation examples.
Parent Topic: Settings