Add an existing asset with depreciations

When you start using Profit or the Fixed assets component, you need to register existing assets for which a part has already been depreciated. For such assets you record both the purchase value and the situation with regard to depreciations already made. You record the depreciations already made as a total amount; Profit will not journalise this again. Profit Will however determine the amount that still has to be depreciated.

Check the Fixed assets period table to see if the last closed financial year has been blocked.

To check the fixed assets period table:

1. Go to: General / Configuration / Period settings / Period table.
2. Open de fixed assets period table.
3. Check if the year is blocked. If that is the case, the Blocked check box for the period lines has been selected.
4. Click on the action: Block years if you want to block a year and then enter the year to be blocked.
5. Click on: Finish. 

To add an existing asset from asset registration:

1. Go to: Financial / Fixed assets / Asset.
2. Click on: New.
3. Add an asset.

   In the next window, you enter the data for the fiscal depreciation and/or commercial depreciation, depending on the options you selected in the Fixed Asset settings.

   The data that can be completed for the commercial depreciation is the same as that for the fiscal depreciation. An exception to this is the Deprec. after residual value field.

4. In the Depreciation initial field, enter the total amount that has already been depreciated up to and including that year.  Thus you enter the depreciation of the closing balance from the last closed financial year.  This field is only available if the years over which depreciation has already been completed are blocked in the Fixed assets period table.

   You cannot change the Initial depreciation up to financial year and Initial depreciation up to period fields. These fields are automatically filled by Profit depending on the last blocked period in the fixed assets period table.

5. Click on Next several times and then click on Finish to complete the wizard.