• From: Kenya
  • Registered: 11/21/2017
  • Posts: 34

Topic: Improvements on fixed assets

Hello,
We' really appreciate the current features on this FA module.
I'd like to suggest a feature to allow for asset improvements after they've been purchased.
For example; A machine or plant equipment can have major part replacements which a company does not want to expense in one period, but rather capitalize it as part of the asset and amortize it in the remaining life of the asset.

  • From: Colombia
  • Registered: 12/29/2014
  • Posts: 627

Re: Improvements on fixed assets

You can assign the same class, category, etc to say a motor and then use the same depreciation method for the remaining period of time which will give you the same result

The FrontAccounting Wiki(Manual, examples, tips, setup info, links to accounting sites, etc) https://frontaccounting.com/fawiki/