Add Fixed Assets

This guidance is only for IRIS Financials Version 7.0.2223 or later if your organisation has switched on the New security screens. If it is not switched on or using version 7.0.2103 or earlier, go to Adding a New Fixed Asset .

Organisations with more than one entity, must add fixed assets to the fixed asset ledger for the relevant entity.

1. To add a fixed asset, create an account on the fixed asset ledger for the relevant entity, with the following details: 

   • On Indices, select the Values for the relevant Indices. If you do not want to use indices for reporting, select XNODET from Values.

   • On Analysis Fields, complete the required options.

   • Set the required security for user groups with access.

2. After adding a fixed asset, you must enter an opening balance for the asset.