Two ways to enter assets into ABRA Flexi
When recording assets in accounting software, you can use two basic approaches:
Entering assets from the beginning of their existence in the organization
This approach involves recording all assets in full from the moment they were acquired. The disadvantage is that it often requires adding a large amount of data for previous accounting periods. In addition to entering the assets themselves, you must record all related events, such as technical improvement of assets, and carefully verify that the records are correct. You can use Excel imports.Entering assets as of the first accounting period in which the software is fully used
This method is simpler and less time-consuming. Assets are recorded only for the current accounting period, which significantly simplifies the work and minimizes the risk of errors.
The right approach depends on your organization's needs and on whether you need to keep a detailed history of assets in the system or whether their current status is sufficient.