Preferences and Settings
Creating a Fixed Asset Register, exploring menu options and reference guides to help you get started. Resources include a quick start guide with videos.
Last update: CCH Fixed Asset Register
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.
CCH Fixed Asset Register
Quick Start Guide
A comprehensive detailed Quick Start Guide available for download. Users can also access sample reports for the Fixed Asset Register to better understand reporting styles. Links to visual aids, guides, and report samples are provided throughout to facilitate the learning process.
CCH Fixed Asset Register
CCH Fixed Asset Register: Asset Summary
The document provides an overview of the Fixed Asset Register (FAR) in CCH Accounts Production, detailing the Asset Summary screen that displays client Asset Classes and their yearly balances. It explains key columns, including Asset Class codes, Balance Sheet categories, and alignment with nominal accounts. Additionally, it outlines various ribbon options for functions such as exporting data to Excel, setting up Asset Classes, posting depreciation, generating FAR reports, and importing asset balances from Excel or legacy systems. The content serves as a guide for users to navigate and utilize the Fixed Asset Register effectively.
CCH Fixed Asset Register
How do I set up an Asset Class with 3 nominals for Depreciation Cost of Sales, Distribution Costs and Administrative Expenses?
How do I set up an Asset Class with 3 nominals for Depreciation Cost of Sales, Distribution Costs and Administrative Expenses?
CCH Fixed Asset Register
Assets with components with different useful lives
Assets with components with different useful lives
CCH Fixed Asset Register
Overriding the depreciation calculated on an asset
The depreciation on an asset cannot be overridden but an Adjustment entry that adjusts the calculated depreciation can be posted. E.g. if the system calculates £10 depreciation on an asset as opposed to £9, post an Adjustment dated on the last day of the year with Depreciation set to -1.
CCH Fixed Asset Register
Menus
This document outlines the menu options available in the CCH Fixed Asset Register, detailing functionalities such as Asset Class, Asset Management, Asset Movement tracking, and generating reports. It also highlights options for importing and exporting data, including from Excel and VAP, as well as settings for accounting periods. Each menu item is linked to further resources for user guidance on accessing and utilizing these features effectively.
CCH Fixed Asset Register
Creating a Fixed Asset Register
The document provides instructions on how to access and set up the Fixed Asset Register within CCH Accounts Production. It outlines the steps to open an accounting period, configure asset code generation, and manage depreciation calculations. Users can customize settings on the Periods screen, and establish Asset Classes for various asset types, detailing associated nominal accounts for control and depreciation postings. The setup can be expedited using defaults from Master Asset Classes.
CCH Fixed Asset Register
Getting Started
The document provides an overview of how to use the CCH Fixed Asset Register, detailing prerequisites, creation, and management processes such as entering opening balances, buying and selling assets, posting depreciation, and updating corporation and personal tax. It also includes guidance on year-end procedures and offers resources like videos and a quick start guide to assist users in navigating the system. The Fixed Asset Register functions as a module within CCH Accounts Production.
CCH Fixed Asset Register
Prerequisites - CCH Fixed Asset Register
The document outlines the licensing requirements for using the CCH Fixed Asset Register, which is part of CCH Accounts Production. Users need to verify their license status by navigating to the product license information section in the software. Installation of the Fixed Asset Register is performed through the Central Suite Installer (CSI) and is bundled with CCH Accounts Production. The register cannot be installed separately.
CCH Fixed Asset Register
System Constraints
The document outlines system constraints regarding the Fixed Asset Register in CCH Accounts Production. Key points include the necessity for a user license, the register's disregard for Reporting Periods, Location Codes, and Divisions, as well as fixed asset postings occurring only on the last day of the accounting period. Additionally, it notes that data from the Fixed Asset Register is excluded for clients that have "travelled out" of Accounts Production or Corporation Tax, and such registers cannot be created for those clients. Moreover, relevant fields are not accessible in CCH Reporting or SmartReports.
CCH Fixed Asset Register
Asset Class
The document describes the Asset Class screen, which outlines assets in an Asset Class and provides a reconciliation with nominal ledger balances. It is divided into two sections: the FAR Balances section lists assets with relevant details and balances, while the Reconciliation section ensures agreement between nominal account balances and Fixed Asset Register balances. It discusses potential discrepancies and outlines how to manage asset classes, including options to export data, create new assets, and delete asset classes if empty. The reconciliation aims to align financial reporting with accurate asset tracking.
CCH Fixed Asset Register
Overview
The document provides an overview of the Business Tax feature in CCH Personal Tax, detailing how to access and summarize Accounting Period balances. It explains the integration with CCH Accounts Production and the Fixed Asset Register, outlining the data flow between these systems. Key topics include setting up tax links, exporting and importing data, and allocation of asset movements in CCH Personal Tax. Several internal links offer guidance on specific procedures related to this integration, enhancing user experience and data management.
CCH Fixed Asset Register
FAR Report
The Fixed Asset Register Report (FAR Report) provides a detailed overview of all assets, listing their costs and yearly depreciation. Two versions of the report are available: the Summary style, which displays key balances in a concise manner, and the Fixed Asset Note style, which includes detailed cost and depreciation figures alongside acquisition and disposal dates when opted. Users can print, or export the report to PDF or Excel formats.
CCH Fixed Asset Register
Asset Details
The document outlines the functionalities of the Asset screen within a financial software application. Users can create or access asset details, view asset attributes like Asset Code, Asset Name, and Depreciation Start Date, and manage changes subject to finalization constraints. It is emphasized that depreciation methods and residual values are defaulted but may be overridden. The History section tracks asset movements, and users have options to export data to Excel or delete assets without movements. Important restrictions regarding changes affecting finalized periods and depreciation methods are also highlighted.
CCH Fixed Asset Register
Entering opening balances
This document provides guidance on using CCH Accounts Production to manage opening balances and assets within the Fixed Asset Register. It details the procedures for entering an opening trial balance, creating corresponding assets, and adding new assets, including entering necessary details such as Asset Code and Depreciation method. Furthermore, it discusses importing asset data from MS Excel or the old VAP FAR system, highlighting the importance of correct formatting for successful data importation. Overall, the document aims to streamline asset management in CCH Accounts Production.