Enter manual opening balance

If you are setting up an asset that has already been depreciated in another system, you need to manually enter an opening balance and a depreciated until date for us to calculate the depreciation plan correctly.

Workflow:

When setting up an asset that has already been depreciated in another program before Briox:

• In the field Useful Life: Enter the total useful life of the asset.
• In the field Depreciation Start Date: you must specify the original/first depreciation start date for the Asset.
• Enter all other data relevant to the asset.
• Save the Asset.
• Go to the Tools menu and select Enter opening balance.
• In the field new opening balance value: enter the sum of all previously performed depreciation.
• The depreciation start date is entered automatically
• Enter the asset's depreciated until date so that Briox can automatically calculate the asset’s depreciation plan as from that date.
• If you want, you can also write a note.
• Click Save.

When the new opening balance value is saved, the depreciation plan and book value of the asset are updated.