This forecast model is designed to help you plan your fixed assets and associated depreciation for each year and company.
Using the zero-based method, you can enter details for each asset by month.
Below is a step-by-step guide on how to use the Asset Planner.
You will find the Asset Planner in Essentials -> Forecast.
Click on the field behind the Run button, and select the year and company from the dropdown menus.
Click on the Run button to retrieve the latest version of your asset budget.
Enter the name of the asset, the investment cost, the asset lifetime in months, and the start date of depreciation.
The selected asset type determines which reporting codes the asset and depreciation costs will be booked to.
Using the More button, you can enter the estimated rest value and comments for each asset line.
The model will automatically calculate the depreciation costs for you, taking into considerating the investment cost, lifetime, and estimated rest value. The depreciation cost is distributed evenly over the months during which the asset is in use, based on the start date and lifetime that you have entered.
You can add a new line via the hamburger ☰ icon in the left column. Using that dropdown menu you can also copy, move and delete rows.
Once you've entered all the necessary information, you can view the results in the Total Depreciation column.
Once you are finished entering all details, click the Save button. Your forecast will be saved right away and is immediately included in all reports.
We hope that this helps you to understand how to use the Asset Planner. Keeping track of your assets and calculating your book value and depreciation costs has never been simpler. If you have any further questions, please don't hesitate to reach out to our support team.