Have been using Manager for about 11 months now and have got really comfortable with it.
For our Fixed Assets, we had gone to the Fixed Assets Tab and created “New Asset” and added an item called “Computers & Peripherals”, added another item called “Furniture & Fixtures” and a 3rd item “Vehicles”.
As and when we purchased a new item, we went to Payment and debited “Computers & Peripherals” under Fixed Assets (or whichever head the item belonged to).
Last week, we sold a car that was in our asset and then realized that the entire asset that we actually though was a group had to be “Disposed”. So basically we added those items thinking that was actually a category head we were creating and now at the point of disposal realize our so called category has to be written of entirely.
My questions therefore are:
Is it possible therefore to have categories?
Is it possible to have a depreciation rate by category? From my understanding now, I will have to pass depreciation entries for each item one by one for each fixed asset and if I have about 30 or 40 items, it could get hectic … worse if I had more.
I really hope something can be done about this.