The Purchased Fixed Assets section allows you to manage all assets your business has acquired, track their status, assign them to users or locations, and handle asset sales or disposals. Every asset is automatically linked to its depreciation method and supported with system-generated journal entries.
Overview
NuMetric recognizes every purchased fixed asset as an individual item with its own:
Unique Asset ID
Auto-generated Barcode (downloadable & printable)
Purchase Details
Assigned User / Assigned Location
Depreciation Method (Auto or Manual)
Accumulated Depreciation
Remaining Value
Notes and File Attachments
This ensures accurate tracking, audit readiness, and complete visibility of each asset from acquisition to disposal.
Viewing Purchased Assets
Inside Fixed Assets → Purchase Master, users can view a summary of:
Total Assets
Total Purchased Value
Total Depreciated
Total Remaining Value
Active Assets
Depreciation %
Each purchased item appears with:
Serial number • Asset name • Purchase date • Value • Depreciation % • Auto/Manual • Status • Accumulated depreciation.
Asset Details Screen
Selecting View Details opens the full asset profile:
Bill Number / Purchase Date
Purchase Value & Remaining Value
Depreciation % & Depreciation Mode
Assigned User
Location
Additional Notes
Barcode (with download option)
Attach Files (PDF, PNG, JPEG)
This screen stores all relevant documentation and operational notes for future reference.
Assigning Assets
Users can assign an asset to:
A specific employee or user, or
A location (office, branch, warehouse, department)
Assignments help track where each asset is used and improve physical verification cycles.
Selling an Asset
When an asset is sold, NuMetric automatically:
Creates a Cash Sales Invoice (with tax if applicable)
Issues the appropriate Journal Entries, including:
Removing the asset cost
Clearing accumulated depreciation
Recording gain or loss on sale
Recording received cash
This process fully closes the asset from the books.
Disposing an Asset
If an asset is written off or removed from use, the Dispose action handles the process.
You can enter:
Action Date
Disposal Reason
Notes
System-Generated JVs for Selling and Disposal
NuMetric will automatically record all necessary accounting entries only for Auto Depreciation assets, including:
Removing asset cost
Removing accumulated depreciation
Recognizing cost of assets sale (if any)
Recognizing disposal loss (if any)
For manual depreciation assets, the user manages the journal entries manually.
Automated Depreciation Handling
For assets created with Auto Depreciation, NuMetric:
Calculates prorated monthly depreciation
Updates accumulated depreciation
Reduces remaining value
Stops depreciation after sale or disposal
Reflects all values instantly in financial reports
Manual assets remain under full user control.