Assume you have bought a laptop for your staff and want to add this as a fixed asset.
Create an asset account if required. I would like to account these under Laptops asset account.
Create a service bill for the invoice you received. Add the item as a fixed asset as shown below
Once approved, Asset account will be debited and Vendor account will be credited.
Next, the depreciation has to be linked . Go to Fixed asset detail and link depreciation
Depreciation schedules are set and will be executed on the scheduled days. Transactions can be seen here.
