Questions about Fixed asset manager

[PakRicard]

Trying to set up the fixed asset manager for a company alrady running found some questions...

For a brand new company (or for new adquisitions of assets) the manual is quite straight forward, or for new adquisitions of assets.

But, how to report a machine already X years into the company balance?
Without Fixed asset manager, the depreciation was done manually, and the current value of the machine is accounted at account FIXED ASSET.
Depreciation until today has been accounted into DEPRECIATION ACCOUNT at P/L

How to integrate this asset into the asset manager?

1) Create a supplier called "FASUPPLIER" to invoice the fixed asset at current value and register it as bought today?
2) Create a supplier called "FASUPPLIER" to invoice the fixed asset at purchase value and register at date of purchase? Will the manager handle the depreciation until today?

Then, will a "Journal Entry" be needed to balance the already manual asset value and depreciation (to avoid double depreciation)?

Or is there a way to tell the asset manager: Hey, this new fixed asset was already accounted for, but from now on you will take care of it. value today is X and there is no invoice whatsoever, as it was already registered XX manoths ago.

This last option would be just great!

[Exsonqu_Qu]

Hi, Richard:

There is a scripts called Z_ImportFixedAssets.php.

Please check if it solve your problem.

Best regards!

Exson

[phil]

Yes you want to import already existing assets with existing cost and already existing accumulated depreciation .... using the script suggested by Exson - there is no way to manually enter existing fixed assets...... yet ;-)

[PakRicard]

Thanks Exson and Phil:

Yes, that script solved the issue. Still testing it. Will come back if any issue is found.