Add a Fixed Asset

This article explains how to add a new fixed asset in Qoyod, the required basic data, asset category, and barcode.

What Is a Fixed Asset

A fixed asset is any tangible item that gives the business future economic services or benefits, whose rights were acquired through past events, and whose value can be measured financially. It is acquired to be used for more than one financial period. Examples: land, buildings, machinery, equipment, vehicles, and office devices.

Path in Qoyod

Fixed Assets › Fixed Assets › Add Asset

Steps

1. From the “Fixed Assets” dropdown menu, click “Fixed Assets”.
2. Click “Add Asset (+)”.
3. Fill in the basic data (see the next section).
4. Click “Save”, or “Save and Create New”.

Basic Asset Data

• Name in Arabic and English.
• Reference Number: manual entry or auto-generated.
• Description.
• Unit of Measure.
• Tax.
• Asset Value.
• Salvage Value (if any).
• Asset Category: automatically determines the linked accounting accounts.
• Barcode (optional): manual entry.
• Asset Image (optional).

Fixed Assets Page

After saving, the asset appears on the Fixed Assets page. You can search by:

• Reference number.
• Asset name.
• Asset barcode.
• Purchase date.