Fixed Assets FAQ

The Fixed Assets section of the Accounting module allows users to track fixed assets in R365. Fixed assets can be any physical item that resides at a location long-term. The Assets page is used to track these items. 

For example, a location purchased a grill for $2000. The manager records the purchase of the grill by creating an asset record. The Placed In Service Date is also recorded, and the asset is marked as Active. The manager accesses the deprecation form to retire the old grill after the new one is installed.

This article provides answers to the following questions about Fixed Assets.

Is there a way to split up an invoice to allocate amounts to each item or set of items?

From the Potential Assets page, exclude the relevant invoices from the Potential Asset list. Then create the assets manually by entering information in a new Asset Record for each item (or set of items).