Entering detailed asset data

Alerts and notices
Leave feedback

Internal Employees: Submit feedback

Contact information (optional):

Leave this blank:

Please tell us how we can make this information more helpful.


Characters left:

  1. Open a client or add a new client. The Asset List window opens automatically.
  2. In the Asset List window, an activity folder is already selected. If desired, click a different activity folder in the folders block to select it. (For example, in a 1040 client's return, click the Business folder.) Or, you can create a new activity.

    Note: Any assets you have already entered for this activity appear in the asset list. The default columns for this window are Asset #, Description, In Service (date), Disposal Method, Tax Cost/Basis, Tax Current Depr, and Group. However, you can customize the column settings.

  3. In the Asset List window, you can do the following tasks.

    • Add an asset by clicking the Add button. This opens a new record in the Asset Detail dialog.

      Note: By default, the next available asset number is automatically assigned to the new asset, but you can change how assets are automatically numbered.

    • Modify an existing asset by highlighting an asset and clicking the Modify button. This opens the asset's record in the Asset Detail dialog.
    • Delete an existing asset by highlighting an asset and clicking the Delete button.
  4. When you click the Add or Modify button, the Asset Detail dialog opens. Use the fields and tabs in the Asset Detail dialog to enter or modify the information for the asset.
  5. When you finish entering data for the asset, perform either of the following steps.

    • Click the Add Asset Add Asset button button on the toolbar (or press CTRL+A) to save the information and move to the next record in the Asset Detail dialog.
    • Click the Done button button to save the information and return to the Asset List window.

Tips

  • Choose Tasks > Display Calculation when the Asset Detail dialog is open to view the depreciation calculations for the selected asset.
  • You can customize data-entry and calculation options for each client, including which columns to display in the Asset Detail dialog and which fields to automatically skip or duplicate.

Share This