Add assets to a return

Add assets sits above the grid. The menu has four routes, and the right one depends on how many assets and what kind.

Dashboard → open the return → Assets tab → Add assets

The button sits above the grid, and each menu item below is one of its routes.

One asset, entered by hand. The route for an addition that turns up mid-season.

Upload a CSV, Excel, or PDF. The route for a conversion, a new client, or a year's additions arriving as a spreadsheet.

For a register of any size this beats hand entry. An import carries the prior depreciation across with the assets, and prior depreciation retyped asset by asset is where transcription errors live.

Upload a file of disposals and match them to assets already on the return. This adds no assets. It records disposals against existing ones, which is why it sits in the same menu.

Construction in progress. A CIP asset has no placed-in-service date and no cost when you create it.

You add cost line items to it as the project runs. It sits in the register at CIP status the whole time and stays out of the depreciation calculation.

When construction finishes, open the asset and choose Convert to depreciable asset. DepreciationPro asks for the placed-in-service date, then turns it into an ordinary asset with a cost equal to the line items you logged.

You need at least one cost line item on it before you can convert.