What is the Fixed Assets register?
The Fixed Asset register is a table of tangible items, usually over a certain value threshold, that have been recorded as a fixed asset purchase at the point of purchase. This can be referred to as 'capitalisation', and should be in accordance with the accounting policies specified by your independent examiner or auditor.
The Fixed Asset register is accessible via the 'Fixed Assets' link on the sidebar menu, followed by selecting 'Asset Register'. Each item is individually recorded with its own number, name, purchase date, and purchase value, as well as the planned duration for its depreciation.