In the following article, we will show you how to create a record for depreciable and non-depreciable minor assets. In ABRA Flexi, navigate to the "Assets" module.
Depreciable Minor Assets
Open a new asset card using the "New" button and, in the "Basic Sheet" tab, fill in the asset type and category, the value at classification, the purchase date, the method of acquisition, and, if applicable, the acquisition document.
In the next step, I recommend creating a new "asset type" for clarity and to enable filtering in the Assets module. You can create it by right-clicking in the "asset type" field and selecting the Open option. A window with preconfigured asset types will open. Using the "New" button, create a type such as "depreciable minor assets".
Next, go to the "Depreciation" tab, where you can select the depreciation method.
100% – the asset is fully written off immediately upon classification
50% / 50% – the asset is depreciated 50% upon classification and 50% upon disposal
% Annually – also enter the value in the Annual Percentage field;
If monthly depreciation is selected, you must enter the number of depreciation months in the depreciation group field.
If the required number of months is not available, you can create it by right-clicking in the "depreciation group" field and selecting the Open option. A window with preconfigured depreciation groups will open. Using the "New" button, create a group such as "M36 – 36 months".
Next, select "Generate Depreciation" in the upper right corner of the asset card. The result will be tax depreciation entries generated according to the configured depreciation group.
At the same time, accounting processing will take place in the Accounting module. You can find it under Accounting / Accounting Outputs / Accounting Journal.
Non-Depreciable Minor Assets
Open a new asset card using the "New" button and, in the "Basic Sheet" tab, fill in the asset type and category, the value at classification, the purchase date, the method of acquisition, and, if applicable, the acquisition document.
In the next step, I recommend creating a new "asset type" for clarity and to enable filtering in the Assets module. You can create it by right-clicking in the "asset type" field and selecting the Open option. A window with preconfigured asset types will open. Using the "New" button, create a type such as "non-depreciable minor assets".
In the following view, you can see that the "Depreciation" tab is inactive.
More examples of asset record-keeping can be found here.