In the following article, we will walk through registering a Set of Movable Assets in the asset register and the option to dispose of it. In ABRA Flexi, navigate to the "Assets" module.

For a set of tangible movable assets, the acquisition cost is determined as the sum of the prices of the individual items; individual items within the set may have a value lower than the minimum acquisition cost. A set of tangible movable assets refers to assets with a useful life of more than one year. The set is classified into a depreciation group according to its principal functional purpose.

Open a new asset card using the "New" button and, on the "Basic Sheet" tab, fill in the asset type and category, the acquisition cost at the time the set is registered, the purchase date, the method of acquisition, and, if applicable, the acquisition document.

As a next step, I recommend creating a new "Asset Type" for the sake of 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 preset asset types will then open. Use the "New" button to create, for example, "Set of TA" (Set of Tangible Assets).

Records of the individual movable items included in the registered "set" can be attached to the asset card via the "Attachments" tab. Using the New button, you can attach, for example, a list of movable assets in an Excel spreadsheet.

Next, move to the "Depreciation" tab, where you select the option to generate accounting depreciation and enter the number of depreciation months. From the available options, choose a depreciation method — for example, straight-line — and the applicable depreciation group.

Select "Generate Depreciation" in the upper right corner of the asset card. The result is a set of accounting and tax depreciation entries generated according to the configured parameters.

After checking "Post asset registration," an entry will be recorded in the "Events" tab.

At the same time, the accounting depreciation will be processed in the Accounting module. You can find it under Accounting / Accounting Outputs / Accounting Journal.

When disposing of part of a set of tangible movable assets, the acquisition cost of the set is reduced by the acquisition cost of the disposed part, with the depreciation rate of the disposed part being equal to the depreciation rate of the entire set.

Disposing of an item from the set of movable assets is carried out on the "Events" tab. Using the "Add" button, create a "Partial Disposal" event. Enter the date and the amount representing the disposed portion of the asset set.

A description of the event can be entered in the "Notes" tab.

When saving the event, Flexi will ask whether you want the changes to be reflected in the depreciation schedule.

After confirmation, the depreciation schedule will be updated according to the specified parameters.

​At the same time, the event will be processed in the Accounting module. You can find it under Accounting / Accounting Outputs / Accounting Journal.