Asset accounting, linked products, and settings in NexerIQ
NexerIQ connects each asset to your accounting setup and lets you turn the asset register on or off for your company. This guide covers the accounting fields, linking an asset to a product, and the asset settings page.
Setting the accounting details
On the asset detail page, the Accounting section holds the general ledger accounts used for the asset's value and depreciation:
- GL asset account — the balance-sheet account holding the asset's value.
- GL accumulated depreciation account — where accumulated depreciation is recorded.
- GL depreciation expense account — where each depreciation charge is expensed.
Each account list is searchable. After choosing accounts, click Save changes. The Currency and current Book value are shown here for reference.
Linking a product
Use the Billing product section to connect an asset to a catalogue product through the Linked product picker. This is helpful when an asset is also something you rent or bill for. The link saves automatically when you make a selection.
Turning the asset register on or off
The asset register is a module you can enable per company:
- Go to Settings → Assets (asset settings).
- On the General tab, tick or untick Enable assets.
- Click Save.
When enabled, the Assets section appears in the main navigation with the register and the asset schedule. When disabled, the register is hidden from your company's menu.
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