Fixed Assets System Guide

A fixed asset is something your business buys to use over a long time rather than to resell: a laptop, a van, machinery, office furniture, or an intangible like software or a licence. Fixed Assets in Mantle is where you keep the register of those items and track each one's value from the day you acquire it to the day you let it go.

This guide is for the business owner who needs to record an asset correctly without learning double-entry bookkeeping, and for the bookkeeper or accountant who knows the accounting already and needs to see how Mantle does it: where the controls are, what each action does to your books, and what Mantle decides for you.

What's inside

• The asset register and the lifecycle every asset moves through, from acquisition to disposal.
• Asset categories and the depreciation plans that drive how an asset's value is written down.
• Recording an acquisition and putting an asset's cost onto your books.
• Depreciation charges: how each period's slice is worked out and posted, and what net book value means.
• Disposal: selling, scrapping, or giving an asset away, and the gain or loss it measures against the books.
• Reports, the per-asset activity timeline, and the settings that govern it all.

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