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TomW
Level 2

Fixed Assets

I am trying to figure out a way to track expenses that we incur on our fixed assets over time. For example say I have a Vehicle - Asset# 123 that is going in for oil changes, and then also has general service work, and the like (that are repairs and maintence costs) . I would like to be able to look at a report at some point in the future that would show me not only the original costs and depreciation on this vehicle, but all that I have spent on it over time, and what for (at least a descritption I put in at time of the expense). Is there a way to use the fixed asset system to do this? Or can it be done just in general without the FA system itself?

 

I was thinking that maybe I could set up a separate fixed asset asset item/list that points to say repairs and maintenace for each and every asset. So say for the vehicle listed above I would always add a 9 in front of hte expense "fixed asset" (it would be set up as Fixed Asset # 9123) so I could use that number to post vehicle expenses to. But it doesn't appear to aggregate or track all the individual expenses, only the "original cost". '

 

Thoughts?

 

 

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