Fixed assets

DMF

0707** ACCOUNTING SETUP SETUP

Akuiteo allows you, depending on the setup applied, to automatically generate amortization allocation entries, scrapping entries or transfer entries for a fixed asset.

This setup is available from Tools > Setup > General setup > Accounting > Fixed assets.

Setting up fixed assets

1 Fill in the following fields:
Field Description
Automatic fixed asset recognition threshold Specify the amount from which the purchased product is defined as a fixed asset. By default, this threshold is set to 500€.
Journal for ongoing fixed assets Specify the journal in which the fixed asset entries must be stored.
Journal for depreciation expenses Specify the journal in which the depreciation expenses entries must be stored. This journal must be different from the simulation journal.
Simulation journals Specify the journal in which the simulation entries must be stored (it is a miscellaneous transaction journal). This journal must be different from the amortization journal.
Grouping of allocation entry lines by account/project

When this box is left unchecked, Akuiteo generates an amortization allocation entry line per fixed asset in the amortization allocation journal.

When this box is checked, Akuiteo generates an amortization allocation entry line per fixed asset in the simulation journal. Only one line will be generated in the amortization allocation journal per account with the total amount of the fixed assets.
Grouping of transfer or scrapping entry lines by account/project

When this box is left unchecked, Akuiteo generates an transfer or scrapping entry line per fixed asset in the amortization allocation journal.

When this box is checked, Akuiteo generates an transfer or scrapping entry line per fixed asset in the simulation journal. Only one line will be generated in the amortization allocation journal per account with the total amount of the fixed assets.
Simulation journal Specify the simulation journal in which the entries are stored when the Grouping of allocation entry lines by account/project or Grouping of transfer or scrapping entry lines by account/project box is checked.
2 In the Calculation section, chose the calculation method for the fixed asset:
Field Description

In exact days

Akuiteo calculates the amortization of the fixed asset according to the exact days of each month for the linear amortizations.

Example

For the year 2024, Akuiteo will calculates the amortization on 366 days:
January: 31 days, February: 29 days, March: 31 days and on.

Based on 360 days
  • Akuiteo calculates the amortization of the fixed asset with same number of days per month (30 days) for the linear amortizations.
    		•

    Defining the coefficients of degressivity of the fixed assets

    This setup is available from Tools > Setup > General setup > Accounting > Fixed assets - coefficients of degressivity.

    When the amortization type chosen for the fixed asset is the decreasing one, it is imperative to get the coefficients of degressivity that needs to apply to the relevant fixed assets.Akuiteo These rates are defined in the article 39 A of the General Tax Code (Code Général des impôts) (2024-12-06).

    3 These fields are already specified in Akuiteo. If needed, modify the following fields:
    Field Description
    Year Specify the number of years for the fixed asset (on the first line, the year is always 2).
    Company Specify the company to which the fixed asset belongs.
    Start of validity Specify the start date of validity.
    Valid until Specify the end date of validity.
    Coefficient Specify the coefficient to apply.