Set up Fixed Assets
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      1. Learning
      2. Fixed Assets
      3. Set up Fixed Assets

      Set up a fixed asset journal 

      Overview:  

      • Learn to set up a fixed asset journal 

      Note: You can set up a fixed asset journal directly from your depreciation book card.  

      Why set up a fixed asset journal? 

      Setting up a fixed asset journal in Wiise allows your business to record acquisitions, disposals and adjustments of fixed assets to reflect true asset values. It aids you in managing depreciation and other asset-related costs.  

      How to set up a fixed asset journal? 

      1. Open a depreciation book card. Then, select the Related action. From the drop-down menu, select Depr. Book. Then select FA Journal Setup.  
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        Note: You'll need to set up a fixed asset journal template before you can set up the fixed asset journal in the depreciation book card. Search for Fixed Asset Journal Template on the top right-hand corner of the page.  
      2. The FA Journal Setup page with the selected Depreciation Book Card displays. Fill in the required fields:  
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        1. User ID: This is not required as it specifies who posted the entries.  
        2. FA Jnl Template Name: Select the template 
        3. FA Jnl. Batch Name: Select the type of batch for the template 
        4. Gen. Jnl. Template Name: Allocate a general journal template when you’ve enabled general ledger integration for the depreciation book to post to the general ledger. Otherwise leave it blank.  
        5. Gen. Jnl Batch Name: Select the type of batch for the template 
        6. Insurance Jnl. Template Name: Assign a template 
        7. Insurance Jnl. Batch Name: Select the type of batch for the template.  
      3. You’ve updated the FA Journal Setup. You can return to the depreciation book.  

       

      What’s next? 

      Find out how to purchase a fixed asset.  

      If you have any questions, please reach out to support@wiise.com