We’ve released a major upgrade to the Fixed Assets module to make asset tracking and accounting more accurate and easier to manage.
1. New Purchased Fixed Assets (Purchase Master) View
New Purchase Master tab under Fixed Assets.
View all purchased assets with:
Serial / Asset ID
Purchase date and value
Depreciation %
Auto / Manual depreciation mode
Status and accumulated depreciation
Summary cards show: Total Assets, Total Purchased, Total Remaining, Active Assets, and Depreciation %.
2. Asset Details & Assignment
Each asset now has a dedicated details screen with:
Purchase info, remaining value, depreciation rate
Assigned user and location
Notes field for internal comments
File attachments (e.g., invoices, warranty, contracts)
System generates a unique Asset ID and barcode for every asset, which can be downloaded, printed, and attached to the physical item.
3. Selling Assets (Auto JVs)
New Sell action from the asset list.
When an asset is sold, NuMetric automatically:
Creates the cash sales invoice
Posts the journal entries to:
Remove asset cost
Clear accumulated depreciation (for auto-depreciated assets)
Record gain or loss on sale
Record the cash received
4. Disposing Assets (Auto JVs for Auto Depreciation)
New Dispose action with action date, reason, and notes.
For auto depreciation assets, NuMetric:
Removes the asset cost
Clears accumulated depreciation
Records any disposal loss
For manual depreciation assets, users still manage the journals manually.
5. Depreciation Handling (No Change in Method, Better Control)
NuMetric continues to use straight-line, prorated monthly depreciation.
Depreciation automatically stops once the asset is sold or disposed.