This may seem like a silly question, but how do I add a purchase cost to an asset? I have created an account called Cameras and created a New Asset with my camera name. However, I cannot figure out a way to add the purchase cost of the camera.
Have you checked http://www.manager.io/guides/fixed-assets/purcharsing-fixed-asset/ ?
Basically first you add fixed asset under
Fixed Assets tab. Then you record transaction which is purchasing the asset (bank payment, purchase invoice, expense claim etc.) and categorize the purchase amount to
Fixed Assets control account.
Hi Lubos, thanks for your help. That worked!
What happens in the case where a asset was purchase along time ago and we now start with manager. How do I record the value of the asset without creating a purchase invoice for it?
That’s a good question. I’d like to know this too.