You can set up budgeted assets. This makes it possible to include any anticipated acquisitions and sales in reports.
To prepare your budgeted income statement, budgeted balance sheet and cash budget, you need information about future investments, disposals and depreciation of fixed assets. You can get this information from the Fixed Asset - Projected Value report. Before you print this report, you must prepare the budget.
The following table describes a sequence of tasks, with links to the topics that describe them. These tasks are listed in the order in which they are generally performed.
| To | See |
|---|---|
Set up fixed asset cards for fixed assets that you intend to buy in the future, so you can set up a budget for those costs. | |
Post an acquisition cost with an opposite sign for the budgeted asset so that the total acquisition cost on the budgeted asset is the difference between the budgeted and the actual acquisition cost. | |
Enter information about sales price and sales date for assets that you intend to sell within a budget period. | |
See the projected disposal values and calculate the gain and loss by running the Fixed Asset - Projected Value report. | |
Run a report to calculate future depreciation on assets. |