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. The opening balance must correspond to the sum of all previously performed depreciation.

Please note that in the field Useful Life you need to enter the remaining useful life of the asset If you enter the total useful life of the asset, the depreciation plan will be incorrect.

Also note that the date you enter as First Depreciation Date is the date when the asset is to be depreciated for the first time in the Briox Asset Registry, and not when depreciation began if it has previously been handled in another program.

To Enter opening balances, click on the Tools drop down menu and choose Enter Opening balance. In the field New opening balance value, enter how much has already been written off the asset. If you want, you can also write a note. Then click Save.

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