Adding a Fixed Asset

A fixed asset — a vehicle, a piece of equipment, a warehouse forklift — is worth less every period it's in use, and Redovix records that automatically once you register it here, instead of you posting a manual depreciation entry by hand every month.

What registering an asset sets in motion

Cost and purchase date anchor the depreciation schedule; the method you choose determines how that cost is spread across the asset's useful life. Once saved, running depreciation for a period posts a straight-line monthly charge for every active asset in one action, rather than requiring you to calculate and enter it per asset.

Nothing about this step affects cash or a vendor balance — if the asset was purchased from a vendor, that's a separate bill recorded through the normal procurement flow. Registering the fixed asset is purely about tracking its value going forward.

Tips

• Depreciation only runs when you trigger it (typically at period end) — it doesn't silently post itself in the background between visits.
• An asset's book value — original cost minus depreciation posted so far — is visible on its record at any time, useful when deciding whether it's worth repairing or replacing.
• Small purchases that wear out fast (a laptop, minor tools) don't have to go through fixed assets at all — treat them as a straightforward expense if that better matches how your business actually manages them.