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Welcome to our Help Centre

Asset Type

You can find your fixed asset types under the Fixed Asset Register option. You cannot add or delete the asset types. The asset types will be predefined and you can edit the details of the assets as required. You can also search for an asset type from the Search box.

Prerequisites

To view the predefined asset types for Non-Bookkeeping clients, the Staff Permission View Nominal Ledger Card under Chart of Accounts must be checked.

To view the predefined asset types for Bookkeeping clients, the User Access Permission View Nominal Ledger Card under Chart of Accounts from Surf Accounts must be checked.

Asset Type Browse

To view the fixed asset types and edit their details, complete the following steps.

  1. Under the FIXED ASSET REGISTER heading, click Asset Type.
  2. On the Asset Type page, you can view the predefined fixed assets list along with their details.

  3. To edit an asset type, click on the asset type.
  4. The Edit Asset Type window appears. Edit the details as required.

     

    FIELD STEP
    ASSET TYPE You can modify the asset type name.
    DEPRECIATION RATE % The depreciation rate should be a positive numeric value ranging between 0.00 to 100.00.
    DEPRECIATION CHARGE FOR PERIOD BALANCE SHEET NOMINAL ACCOUNT Select the relevant nominal code.
    ADDITIONS AT COST NOMINAL ACCOUNT Select the relevant nominal code.
    ACCUMULATED DEPRECIATION B/FWD NOMINAL ACCOUNT Select the relevant nominal code.
    DEPRECIATION WRITE-BACK ON REVALUATION NOMINAL ACCOUNT Select the relevant nominal code.
    DEPRECIATION TYPE Depreciation type should be either Straight Line or Reducing Balance.
    DEPRECIATION CHARGE FOR PERIOD P/L NOMINAL ACCOUNT Select the relevant nominal code.
    COST OR VALUATION B/FWD NOMINAL ACCOUNT Select the relevant nominal code.
    REVALUATION IN PERIOD NOMINAL ACCOUNT Select the relevant nominal code.
    COST OR VALUATION OF DISPOSALS NOMINAL ACCOUNT Select the relevant nominal code.
    DEPRECIATION ELIMINATION ON DISPOSAL NOMINAL ACCOUNT Select the relevant nominal code.

    * indicates a mandatory input.
  5. Click Save to save the changed details.