How To
Getting Started
CCH Fixed Asset Register
Prerequisites - CCH Fixed Asset Register
Prerequisites for CCH Fixed Asset Register.
1. Creating a Fixed Asset Register
The Fixed Asset Register is generated from within CCH Accounts Production. Open an Accounting Period in CCH Accounts Production. This is usually the first period for which you wish to record assets, although the Fixed Asset Register does permit prior period entries in some cases.
Once the Fixed Asset Register is created, you can take on last year's closing assets to bring forward the opening balances.
During the year the Fixed Asset Register will be updated for assets bought and sold.
- Posting Depreciation
- Updating Corporation Tax
- Updating Personal Tax
Get Started
- Quick Start Guide
CCH Fixed Asset Register is accessed through CCH Accounts Production, so it can be regarded as a module of CCH Accounts Production.
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.