• Asset Account: Account used to record the purchase of the asset at its original price.
• Depreciation Entries: Account used in the depreciation entries, to decrease the asset value.
• Depreciation Entries: Expense Account: Account used in the periodical entries, to record a part of the asset as expense.
• Number of Depreciations: The number of depreciations needed to depreciate your asset.
• Computation Method: Choose the method to use to compute the amount of depreciation lines.
  * Linear: Calculated on basis of: Gross Value / Number of Depreciations.
  * Degressive: Calculated on basis of: Residual Value * Degressive Factor.
• Period Length: State here the time between 2 depreciations, in months.
• Time Method: Choose the method to use to compute the dates and number of entries.
  * Number of Entries: Fix the number of entries and the time between 2 depreciations.
  * Ending Date: Choose the time between 2 depreciations and the date the depreciations won't go beyond.
• Prorata: Indicates that the first depreciation entry for this asset have to be done from the purchase date or first of January or fiscal year.
• Auto-confirm Assets: Check this if you want to automatically confirm the assets of this category when created by invoices.
• Group Journal Entries: Check this if you want to group the generated entries by categories.

• Asset: Your asset product.
• Gross Value: Asset original price.
• Salvage Value: It is the amount you plan to have that you cannot depreciate.
• Residual Value: Gross Value - Salvage Value - (Depricated Line Amount)

• Computation Method: Choose the method to use to compute the amount of depreciation lines.
  * Linear: Calculated on basis of: Gross Value / Number of Depreciations.
  * Degressive: Calculated on basis of: Residual Value * Degressive Factor.
• Time Method Based: Choose the method to use to compute the dates and number of entries.
  * Number of Entries: Fix the number of entries and the time between 2 depreciations.
  * Ending Date: Choose the time between 2 depreciations and the date the depreciations won't go beyond.
• Prorata: Indicates that the first depreciation entry for this asset have to be done from the purchase date or first of January or fiscal year.
• Number of Depreciations: The number of depreciations needed to depreciate your asset.

• Calculate depreciations line based on Computation Method, Time Method Based, Prorata and Number of Depreciations.

• You can view red toggle button for force fully create line of depreciations.

• You can view here line of depreciations and you can also cancel particular depreciations line entry using Cancel Entry button.

We can sale asset directly to particular customer.

• Sale Date : Define here asset sale date.
• Sale Value : It will calculated amount by default Sale Date wise.

Here remove other depreciations line which is greater than Sale Date. You can also view Customer Invoice button.

Customer Invoice details. If you created asset by Vendor Bills then it display Vendor Invoice button in asset form.

If your products that are damaged or that are unusable then you can use Scrap.

Just define the details related to Scrap Product. Once product is scrap it become Inactive.

You can print report for Start Date to End Date.