Fixed Assets Module Overview
The Fixed Asset Module is only for churches and charities that account on an
accruals basis.
Fixed assets are purchases that will be used by an organisation for a number of years and will retain some of their value for that duration.
Examples include purchases such as a building, minibus, sound system, or significant computer expenditure.
To be classified as a Fixed Asset, rather than an expense, a purchase would tend to have significant value (£500 is a suggested minimum), but it’s ultimately determined by what your organisation has set out in its capitalisation policy.
Watch this short video to learn more about the Fixed Assets Module:
Frequently Asked Questions
- What is the Fixed Assets register?
- How do I set up Fixed Assets?
- How do I record a fixed asset purchase?
- What is depreciation?
- Why aren't fixed asset purchases showing up on my Income & Expenditure report?