{"id":11916,"date":"2025-06-25T10:19:47","date_gmt":"2025-06-25T08:19:47","guid":{"rendered":"https:\/\/www.sysfinpro.com\/?p=11916"},"modified":"2025-06-25T10:19:48","modified_gmt":"2025-06-25T08:19:48","slug":"kb20230000-01-best-practice-processes-for-fixed-assets","status":"publish","type":"post","link":"https:\/\/www.sysfinpro.com\/index.php\/kb20230000-01-best-practice-processes-for-fixed-assets\/","title":{"rendered":"KB20230000\/01: Best Practice Processes for Fixed Assets"},"content":{"rendered":"\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-palette-color-2-color has-text-color has-large-font-size\"><strong>Fixed Assets:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\">Receive \/ Capitalize all your Assets, perform any other transaction like revalue, merge, split, scrap and then run your depreciation. Balance your Asset Cost Account, Accumulated Depreciation Account and Depreciation Expense account to the G\/L.<\/li>\n\n\n\n<li class=\"has-medium-font-size\">Make use of the Fixed Assets module to account for and create your depreciation journals.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Fixed Assets:<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"qubely_global_settings":"","qubely_interactions":"","footnotes":""},"categories":[51,79],"tags":[],"class_list":["post-11916","post","type-post","status-publish","format-standard","hentry","category-erp","category-general-erp"],"blocksy_meta":[],"qubely_featured_image_url":null,"qubely_author":{"display_name":"SysFinPro","author_link":"https:\/\/www.sysfinpro.com\/index.php\/author\/sysfinpro\/"},"qubely_comment":0,"qubely_category":"<a href=\"https:\/\/www.sysfinpro.com\/index.php\/category\/erp\/\" rel=\"category tag\">ERP<\/a> <a href=\"https:\/\/www.sysfinpro.com\/index.php\/category\/erp\/general-erp\/\" rel=\"category tag\">General ERP<\/a>","qubely_excerpt":"Fixed Assets:","featured_image_urls_v2":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","qubely_landscape":"","qubely_portrait":"","qubely_thumbnail":""},"post_excerpt_stackable_v2":"<p>Fixed Assets: Receive \/ Capitalize all your Assets, perform any other transaction like revalue, merge, split, scrap and then run your depreciation. Balance your Asset Cost Account, Accumulated Depreciation Account and Depreciation Expense account to the G\/L. Make use of the Fixed Assets module to account for and create your depreciation journals.<\/p>\n","category_list_v2":"<a href=\"https:\/\/www.sysfinpro.com\/index.php\/category\/erp\/\" rel=\"category tag\">ERP<\/a>, <a href=\"https:\/\/www.sysfinpro.com\/index.php\/category\/erp\/general-erp\/\" rel=\"category tag\">General ERP<\/a>","author_info_v2":{"name":"SysFinPro","url":"https:\/\/www.sysfinpro.com\/index.php\/author\/sysfinpro\/"},"comments_num_v2":"0 comments","yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>KB20230000\/01: Best Practice Processes for Fixed Assets - SysFinPro (Pty) Ltd.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.sysfinpro.com\/index.php\/kb20230000-01-best-practice-processes-for-fixed-assets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KB20230000\/01: Best Practice Processes for Fixed Assets - SysFinPro (Pty) Ltd.\" \/>\n<meta property=\"og:description\" content=\"Fixed Assets:\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.sysfinpro.com\/index.php\/kb20230000-01-best-practice-processes-for-fixed-assets\/\" \/>\n<meta property=\"og:site_name\" content=\"SysFinPro (Pty) Ltd.\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-25T08:19:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-06-25T08:19:48+00:00\" \/>\n<meta name=\"author\" content=\"SysFinPro\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"SysFinPro\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.sysfinpro.com\/index.php\/kb20230000-01-best-practice-processes-for-fixed-assets\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.sysfinpro.com\/index.php\/kb20230000-01-best-practice-processes-for-fixed-assets\/\"},\"author\":{\"name\":\"SysFinPro\",\"@id\":\"https:\/\/www.sysfinpro.com\/#\/schema\/person\/2e025b2b8c92dacebddf94aae24231bf\"},\"headline\":\"KB20230000\/01: Best Practice Processes for Fixed Assets\",\"datePublished\":\"2025-06-25T08:19:47+00:00\",\"dateModified\":\"2025-06-25T08:19:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.sysfinpro.com\/index.php\/kb20230000-01-best-practice-processes-for-fixed-assets\/\"},\"wordCount\":59,\"publisher\":{\"@id\":\"https:\/\/www.sysfinpro.com\/#organization\"},\"articleSection\":[\"ERP\",\"General ERP\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.sysfinpro.com\/index.php\/kb20230000-01-best-practice-processes-for-fixed-assets\/\",\"url\":\"https:\/\/www.sysfinpro.com\/index.php\/kb20230000-01-best-practice-processes-for-fixed-assets\/\",\"name\":\"KB20230000\/01: Best Practice Processes for Fixed Assets - SysFinPro (Pty) Ltd.\",\"isPartOf\":{\"@id\":\"https:\/\/www.sysfinpro.com\/#website\"},\"datePublished\":\"2025-06-25T08:19:47+00:00\",\"dateModified\":\"2025-06-25T08:19:48+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.sysfinpro.com\/index.php\/kb20230000-01-best-practice-processes-for-fixed-assets\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.sysfinpro.com\/index.php\/kb20230000-01-best-practice-processes-for-fixed-assets\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.sysfinpro.com\/index.php\/kb20230000-01-best-practice-processes-for-fixed-assets\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.sysfinpro.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"KB20230000\/01: Best Practice Processes for Fixed Assets\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.sysfinpro.com\/#website\",\"url\":\"https:\/\/www.sysfinpro.com\/\",\"name\":\"SysFinPro Solutions\",\"description\":\"Sage ERP and Payroll &amp; 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