Add a New Asset
Adding assets to WorthIT Fixed Assets
Adding assets to WorthIT Fixed Assets is a simple, straightforward process. This page will only go through adding individual assets. For importing assets using a CSV file, see the Import section.
On the Assets page, select the "Add Asset" button above the table. This will pop up a clean, step-by-step form where you can enter your data as required.
Identifiers
The first screen in the Add Asset form is for your identifiers. On this section you need to add: Asset ID: An identification text field that matches your organization's assigned ID for that asset. Asset Description: This is a textual description/name of your asset so you can identify it clearly in the list without looking up the ID. Extra Description: If you need more granularity, you can use this field to add more information. This field is optional.
Note
The Asset ID cannot be changed after an asset is added. Be sure not to make any typos or errors otherwise you will need to re-create the asset.
Book Information
On this screen you can add in your financial details for the asset: Acquisition Cost: Cost of acquisition for the asset. Date in Service: When the asset goes into active service. Salvage Amount: Expected salvage amount of the asset once its life is complete. Business Use: The percentage of business use for this asset. In some cases, such as company vehicles, this may be less than 100%, which will impact financial calculations and entries. 100% is the default value.
Depreciation Profiles
On this screen you will assign various profiles/categories to your asset: Category ID: The depreciation category for the asset. Tax Class: The default tax depreciation category for the asset.
Both of these fields are populated by their respective categories that you configure in the Configuration section.
Review and Confirm
The final page will display your selected information for one final review before creation. Other than the Asset ID, all these fields can be updated later. However, if depreciation has been run for this asset (i.e. if any depreciation history exists), you may need to do a full recalculation depending on which field you change. This should be used sparingly and very carefully.
By default, an asset is active when added, but you can change this behaviour in this form.