startAsset Details
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Asset Details

CCH Fixed Asset Register
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    Accessing Asset Details

    The Asset screen shows details of the asset. To access Asset Details either select New to create a new asset or click on the hyperlink to an existing asset.

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    The Asset screen shows details of the asset.

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    Asset Details ribbon options 

    Export Export the Asset to Excel, from where it can be printed if required.

    Delete Asset An Asset can only be deleted if it has no movements in any period.

    New Asset Movement Creates a new asset movement.

    Asset screen details

    The Asset screen details apply to all years, not just the Accounting Period that is currently selected in CCH Accounts Production. 

    Changes cannot be made if they affect an earlier period that has been finalised. If they affect an earlier period that has not been finalized, then you are asked to confirm changes when saving.

    Asset Code is generated automatically if this is selected on the Periods screen but can be overridden on this screen.

    Asset Name show s the name of the asset and Asset class shows the Asset Class the asset belongs to. This can be changed, but not if it affects a finalized period.

    Depreciation Start Date is the date the depreciation calculation starts from. It is usually left blank. If so, the depreciation calculation starts from the date of the first addition or, if the option is set to Calculate a Full Period's Depreciation in the Period of Acquisition on the Periods screen, it starts from the year start date. If depreciation should start from a different date then the Depreciation Start Date can be specified. The Depreciation Start Date cannot be before the date of the first addition. It can be used when a piece of plant and machinery is being bought and assembled in stages and is only brought into use at the end of this process.

    Date acquired and Date disposed are calculated from the Asset Movements for Cost B/Fwd, Additions and Disposals.

    The Original Depreciation Method is used unless there is an Asset Movement for a Change of Method, in which case the new method is used from the date of the Change of Method. The Depreciation Method cannot be changed if it would affect a finalized period. The Depreciation Method and Percentage default to those on the Asset Class but can be overridden. The Residual Value is the value down to which you wish to depreciate the asset. It defaults to 0 if the Depreciation Method is Straight Line, or 1 if the Depreciation Method is Reducing Balance.

    History shows all Asset Movements entered on the asset, whether in the current period or in a past or future period. Click on the Movement Type to drill into the Asset Movement.

    If the Depreciation Method is set to Reducing Balance the Residual Value cannot be less than £1. 

    Ribbon

    Export Export the Asset to Excel, from where it can be printed if required.

    Delete Asset An Asset can only be deleted if it has no movements in any period.

    New Asset Movement Creates a new asset movement.

    Related documents

    Part Disposals
    Part Disposals
    Changing Entity Type
    Changing Entity Type
    Asset Movement
    The document outlines the functionality of the Asset Movement screen, detailing how asset transactions are recorded in the Fixed Asset Register, independent of CCH Accounts Production. It describes five types of movements: Cost B/Fwd, Addition, Adjustment, Revaluation, and Disposal, each with specific criteria and purposes. The document also covers the protocol for asset movement dates, especially concerning finalized periods, and discusses the Change of Method movement for altering depreciation methods. Additionally, it includes guidelines on how movements affect nominal accounts and the conditions under which movement deletion is permissible.
    Asset Classes
    The Asset class section is used to define the ledger accounts which must be used for the posting of the asset transactions and the method of depreciation.
    Master Asset Classes: Fixed Asset Register
    The document outlines the functionality of Master Asset Classes within the Fixed Asset Register's Set Up screen in CCH Accounts Production. These classes provide default settings for client-level Asset Classes and are integral to the CCH chart of accounts versioning system. While Master Asset Classes cannot typically be edited, users can modify them when creating a new Practice Master Pack. Access to Master Asset Classes is through the Set Up screen or the menu path: File > Maintenance > Accounts > Master Asset Classes.