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Creating a Non-Depreciable Asset Card

Fixed Asset Register for Non-Depreciable Assets (e.g. Land)

Written by Petra Roubalova

In the following article, we will demonstrate how to create a record in the non-depreciable fixed tangible asset register. In ABRA Flexi, navigate to the "Assets" module.

Open a new asset card by clicking the "New" button, and in the "Basic Sheet" tab, fill in the asset type and category, the acquisition cost, 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 better clarity and to enable filtering in the Assets module. To do so, right-click in the "Asset type" field and select the Open option. A window with pre-configured asset types will appear. Using the "New" button, you can create, for example, a non-depreciable asset — land.

In the following view, you can see that the "Depreciation" tab, as well as the "Tax Depreciation" and "Accounting Depreciation" sections, are inactive.

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