Hello i had i question about fixed assets.
I have a fixed assets which i pay in 6 terms (monthly). I get a invoice every mont and have to pay this within 14 days. How can i set this fixed asset? i read the guide about fixed assets but i don’t understand it
Should i make a fixed asset, and then put in there the complete amount my costs are or should i monthly put the amount i pay monthly in the fixed asset?
Second question. The depreciation have i set to 5 years. But does the program automatically accounts the depriciation each year or do i have to do this myself?
Thnx for the answers