This page will guide you through the process of capitalising and depreciating newly purchased assets relating to a property account. E.g. purchasing a hot water system or air-conditioner for an existing property.

Navigate to Fund Level >Transactions > Match Transactions > Match To New > Investment-Buy > Capital Improvement.

1. Enter Property Account (Search and select the property account in which the improvement related to.)
2. Enter Improvement Date (This is the date the capital item was purchased)
3. Enter Gross Amount (This is the gross amount or total cost to purchase the new item)
4. GST  (This is automatically pre-filled if the property attracts GST)
5. Net Amount (If Applicable) (This is the net amount after subtracting GST if applicable to the property)
6. Enter Description (You can enter a new description or use the default description from Class.)
   
   
   
   
7. Click Submit after completing all the relevant fields.

To add the item to the Depreciation Worksheet

Navigate to fund level > Investments > Depreciation Worksheet

1. Select the create new link
   
   
   
   
2. The following screen will appear, asking you to confirm Depreciation Type, Depreciation Method and Depreciation Percentage.
   
   
   
   
3. Click Save. 

What's Next?

Learn more about Depreciation Schedules