Non-Current Asset Analysis

Click on asset name to analysis the details. 

This screen displays the complete details of a recorded asset, including its basic information and depreciation schedule. 

1. Asset Overview 

At the top, you can view key asset details 

• Reference No: Unique ID of the asset  

• Asset Name: Name of the asset  

• Serial/Model Number: Identification number of the asset  

• Purchase Date: Date when the asset was purchased.  

• Cost of Purchase: Net cost of the asset (excluding VAT).  

• Asset Account: Account head under which the asset is recorded  

• Asset Type: Indicates whether the asset is tangible or intangible  

• Supplier Name (Bill Ref): Linked supplier and bill reference  

2. Depreciation Information 

This section shows how depreciation is applied 

• P&L Account: Account where depreciation expense is recorded  

• Useful Life (Years): Total life of the asset  

• Rate (%): Depreciation percentage applied  

• Start Date: Date from which depreciation begins  

• Frequency: Depreciation applied (e.g., monthly)  

• Time: Indicates the duration/status of depreciation  

• Description: Additional notes about the asset  

3. Depreciation Schedule (Hit Details) 

This table provides a detailed breakdown of depreciation entries: 

• S/No: Entry number  

• Date: Depreciation posting date  

• Currency: Currency used  

• Total Amount: Depreciation amount for each period  

• Hit At: Date and time when the entry was recorded in the system  

•  The system automatically generates this schedule based on: 

Useful life  

Depreciation rate  

Selected frequency (monthly/annual)  

Important Note 

• The depreciation schedule is automatically created from the start date up to the current period, ensuring accurate financial tracking. 

4. Additional Actions 

• Delete Button: Allows you to remove the asset record (if required).