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🏢 Fixed Assets Tab

The Fixed Assets module is used to manage, track, and present Property, Plant & Equipment (PPE) data in financial reports.

🗂️ Step 1: Importing the Fixed Asset Register

To begin, import the latest audited Fixed Asset Register using the available Excel template.

📄 How to Import:

Navigate to Fixed Assets → Register.

Scroll to the bottom and download the Excel template provided.

Fill in the asset-wise data in the template.

Upload the completed file through the Import from Excel option.

⚠️ Important: On first-time import, make sure to enter the last Written Down Value (WDV) of each asset as per your audited accounts. Refer to the screenshot below for the WDV input field.

🔁 ⚙️ Depreciation Method Selection

📝 Note: It is mandatory to select the Depreciation Method — either SLM (Straight Line Method) or WDV (Written Down Value) — when creating or editing a Company Master.

This dropdown is available in the Company Master screen.

Once selected, the method will be applied across all PPE calculations and schedules.

🔁 Step 2: Importing Year-on-Year Additions

Once the base register is imported:

Tally Users: Can import yearly additions directly via the Import tab integrated with Tally.

Non-Tally Users: Use the same Excel template to add new asset entries for the relevant year.

This ensures the Fixed Asset Register remains updated annually.

📊 Step 3: Fixed Assets in Financial Statements

The final PPE Register is automatically plotted in the Financial Statements.

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A detailed PPE Notes section is generated, providing:

Asset-wise details

Opening balances

Additions

Depreciation

Closing WDV

📌 Summary

Feature	Tally Users	Excel Import Users
Initial Import	Excel Template	Excel Template
Yearly Additions	Tally → Import Tab	Excel Template
Auto Plot in Financials	✅ Yes	✅ Yes
PPE Notes (Schedule II Format)	✅ Yes	✅ Yes