Using the Asset Register in Farm Focus
The Asset Register is a simple tool to help you record and manage your farm assets.
You can enter details of both purchases and sales to keep an accurate record of everything you own. For each asset, you can also upload important attachments such as:
Sale and purchase agreements
Hire purchase agreements
Photos of the asset
Serial numbers
Any other relevant information
Please note:
Entries in the Asset Register do not connect to other parts of Farm Focus, and depreciation is not applied at this stage.
Entries can be added retrospectively, to slowly build up the register.
The Asset register is available for customers on a Limited Subscription.
How to record your assets in Farm Focus
You can find the Asset register in Vault > Assets Register:
Click on the + Add an asset button to record a new item in your register.
a. Add the purchase date (can be retrospective).
b. Add a meaningful definition of the asset.
c. Enter the purchase price.
d. Select the most appropriate asset type.
e. Add a meaningful note (optional).
f. Once sold, add in the sale price and date. You cannot enter a negative figure or a date that precedes the purchase date.
g. Add any additional attachments. Click here to learn how.
h. Select Save.
Note the Asset Register values are GST-exclusive.
a. The list of assets will automatically default in order of purchase date but you can click on any of the headers to choose how you would like to sort the view of your list.
b. Click on the +Add button to add a new asset to the register.
c. You can print a copy of the list or download a PDF copy to your files.
d. Click on the three menu dots if you wish to Edit or Delete one of your asset items.