Add Asset

We will see how to add expense entries for our business.

Add Asset Entry using Veepan

Steps to add an Asset

1. Go to Left Menu -> General -> Assets

2. At Assets Bar on top, click on Add icon, and select Add Asset.

3. New Asset page is created, add asset details, such as,

   • Category - Enter the category of the asset.

     1. Building

     2. Computer Equipment

     3. Furnitures & Fixtures

     4. Land

     5. Machinery

     6. Office Supplies

     7. Vehicle

     8. Others

   • Date of Purchase - Enter the date of asset.

   • Name of Asset - Enter the name of the asset.

   • Quantity - Enter the quantity of the asset.

   • Unit Price - Enter unit price of the asset.

   • Reference Bill - Enter reference details like bill num, reference num, etc.

4. Click on Create Asset Entry.

Review and Approve the Asset

If the Asset entries are correct, click on Review and Approve.

Before Approving the asset, it can be deleted.

Once the Asset is Approved, it can not be deleted, but YES it can be Canceled.

Accounting

After the Asset is Approved,

1. Accounting is automatically done.