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Fixed Asset Management: Step-by-Step Guide

Updated over 2 months ago

Overview

The Fixed Asset Management module in DizLog lets you record, track, and maintain your company’s long-term assets (for example machines, equipment, or other property).

From this screen you can:

  • See a list of all fixed assets.

  • Add new assets one by one.

  • Import many assets at once from a template file.

  • Edit, dispose of, transfer, or delete existing assets.

The module lives under:

Financials › Fixed Asset Management

and uses the standard DizLog table layout with filters at the top and a data grid below.


Key Features

Based on the screens and application structure, the Fixed Asset Management module includes these core features:

  1. Asset list and filters

    • Search by Asset Name.

    • Filter by Status and Location (drop-down filters at the top of the page).

    • View columns such as Asset Name, Type, Location, Purchase Date, Purchase Cost, Status, Actions in the main table (from the list view screenshot).

  2. Single-asset entry (New Asset)

    • Button: “Add Asset” opens a New Asset form.

    • The form captures key information such as:

      • Asset Name

      • Asset Type

      • Asset Code / Tag

      • Purchase Date

      • Purchase Cost

      • Useful Life (in months)

      • Salvage Value

      • Depreciation Method

      • Depreciation Start Date

      • Status

      • Location

      • Supplier

      • Department

      • User (assigned person)

      • Notes

  3. Bulk import of fixed assets

    • Button: “Import” opens an Import Fixed Assets dialog.

    • You can download a template file, fill it, and upload it.

    • The CSV template includes the columns:
      Name, Asset Type, Asset Code, Purchase Date, Purchase Cost, Useful Life, Salvage Value, Depreciation Method, Depreciation Rate, Location Name, Supplier Name, Department, User Name

    • The system maps these values to internal locations, suppliers, and employees when you upload the file

  4. Edit, dispose, transfer, and delete assets

    • Each row in the asset list has an Actions column.

    • From the routing structure, the module has dedicated pages for:

      • Fixed Asset Details / Edit

      • Asset Disposa

      • Transfer Asset

    • There is also support for deleting an asset through a delete action

  5. Depreciation settings for each asset

    • Each asset stores Depreciation Method and Depreciation Rate together with Useful Life and Depreciation Start Date

    • These values are used in the fixed-asset reporting service to calculate depreciation trend and book value by type and location

  6. Export and print

    • Icons on the top-right of the list view allow you to export or print the asset list (icons shown as download / PDF / print on the screen).


Modules Connected to Fixed Asset Management

The Fixed Asset Management module works together with these other parts of DizLog:

  • Locations – Assets must be tied to a location. Both the single-asset form and the import process require a valid Location; the importer matches the text in “Location Name” to an existing location record

  • Suppliers – Assets may reference a Supplier; the importer maps “Supplier Name” to the list of suppliers

  • Employees / Users – Each asset can be assigned to a User; imports match “User Name” to an employee

  • Financial Reports (Balance Sheet & others) – Asset and depreciation data are used by the accounting reporting services and fixed-asset reporting services that feed Balance Sheet and other financial reports.


Getting Started

Step 1 – Open Fixed Asset Management

  1. Log in to your DizLog web portal.

  2. From the left-hand menu, go to Financials.

  3. Click Fixed Asset Management.

  4. You will see:

    • Filters at the top (Search Asset, Status, Location).

    • Import and Add Asset buttons on the right.

    • An asset table (initially empty if you haven’t added any assets yet).

Step 2 – Prepare reference data

For best results:

  • Make sure your Locations, Suppliers, and Employees/Users are already set up in their respective modules, because:

    • The import tool uses these to match “Location Name”, “Supplier Name”, and “User Name” from the CSV

    • The New Asset form shows them as drop-down lists.


How to Use

A. Viewing and filtering fixed assets

  1. Open Financials › Fixed Asset Management.

  2. Use Search Asset to type part of the asset name.

  3. Choose a Status (for example, All / Active / Inactive – as shown in the status filter).

  4. Choose a Location from the drop-down if you want to see only assets at one location.

  5. The table updates automatically based on your selections.

Use the export/print icons on the right to download or print the current list.


B. Adding a single new asset

  1. On the Fixed Asset Management page, click Add Asset.

  2. On the New Asset screen, fill in the fields:
    Basic details

    • Asset Name* – A clear name for the asset.

    • Asset Type* – Select a type (for example MACHINE, VEHICLE, etc., depending on your configuration).

    • Asset Code / Tag* – The internal code or tag you use to identify the asset.

    • Purchase Date* – The date the asset was bought.

    • Purchase Cost* – The total cost of the asset.

  3. Depreciation settings

    • Useful Life* – The number of months you expect to use the asset.

    • Salvage Value* – Estimated value at the end of its life.

    • Depreciation Method* – Choose from the available methods (such as Straight Line – shown in the form).

    • Depreciation Start Date* – When depreciation calculations should begin.

  4. Assignment & tracking

    • Location* – Select the location where the asset is placed.

    • Supplier – Choose the supplier who provided the asset.

    • Department – Enter the department responsible for the asset.

    • User – Select the primary user or custodian.

    • Notes – Add any additional information.

  5. Check that all required fields (marked with *) are filled.

  6. Click Save to create the asset.

The new asset will appear in the asset list with its current status.


C. Importing many assets from a template (bulk import)

Use bulk import when you have a large number of assets to set up.

  1. Go to Financials › Fixed Asset Management.

  2. Click Import.

  3. In the Import Fixed Assets window:

    1. Click Download template file to download the CSV template

    2. Open the file in Excel or another spreadsheet app.

    3. For each asset, fill in these columns:

      • Name

      • Asset Type

      • Asset Code

      • Purchase Date

      • Purchase Cost

      • Useful Life

      • Salvage Value

      • Depreciation Method

      • Depreciation Rate

      • Location Name

      • Supplier Name

      • Department

      • User Name

    4. Make sure:

      • Location Name, Supplier Name, and User Name exactly match what you have set up in Locations, Suppliers, and Employees

      • Purchase Date is a valid date that your system can recognize; otherwise the importer will show an error for invalid date format

    5. Save the CSV file.

  4. Back in the Import Fixed Assets window:

    1. Click the upload area and choose your CSV file (or drag and drop it).

    2. The system reads the file, maps each row to an asset, and checks for missing or invalid locations, suppliers, and users

    3. If the preview looks good, click Upload to create all the assets at once.

After a successful upload, the new assets will appear in your list.


D. Editing an existing asset

  1. In the asset list, find the asset you want to change.

  2. In the Actions column, click the Edit icon (pencil).

  3. On the Fixed Asset Details / Edit page, adjust any fields such as:

    • Name, Type, Code / Tag

    • Purchase Cost or Useful Life (if you need to correct data)

    • Depreciation Method or Rate

    • Location, Supplier, Department, User

  4. Click Save to apply your changes.

Behind the scenes the system sends an update request for that asset


E. Disposing of an asset

Use disposal when an asset is sold, scrapped, or otherwise removed from use.

  1. In the asset list, use the Actions menu and choose Dispose for the relevant asset.

  2. You will be taken to an Asset Disposal page (shown in the routing.

  3. Follow the on-screen fields (for example, disposal date or notes) and complete the form.

  4. Save the disposal to update the asset’s status and remove it from active use.


F. Transferring an asset

When an asset moves from one location to another:

  1. In the asset list, select Transfer from the Actions column.

  2. You will be taken to a Transfer Asset page

  3. Choose the new location and any other required details shown on the form.

  4. Save the transfer. The asset will now show with the updated location.


G. Deleting an asset

If you created an asset by mistake and it has no transactions:

  1. Find the asset in the list.

  2. In the Actions column, click the Delete / trash icon.

  3. Confirm the deletion when prompted.
    (The system uses a delete request for that asset ID

Tip: In most accounting processes, it’s better to dispose of real assets instead of deleting them so that your history and reports remain accurate.


Troubleshooting

1. “Please wait while we load reference data”

When opening the Import window you may see an error message telling you to wait while reference data loads

  • What it means: The list of locations, suppliers, or employees is still being fetched.

  • What to do:

    • Wait a few seconds and try again.

    • If it still appears, refresh the page or check your internet connection.


2. Import fails because of purchase date

During import you might see errors like “Purchase date is required” or “Invalid purchase date format”

  • Check that every row has a Purchase Date.

  • Use a standard date format that your system recognizes (for example the same format used on the New Asset form).

  • Correct the dates in your CSV and upload again.


3. Import warns about missing locations, suppliers, or users

The importer keeps track of missingLocations, missingSuppliers, and missingUsers when it cannot match the names in your CSV to existing records

  • Make sure the text in Location Name, Supplier Name, and User Name exactly matches what you have in DizLog (spelling, spacing, and capitalization matter).

  • If the name doesn’t exist yet, create it first in the appropriate module (Locations, Suppliers, Employees) and then re-import.


4. Asset values in reports look incorrect

If you notice that balances on your Balance Sheet or other financial reports do not match your expectations:

  1. Open the asset in Fixed Asset Management.

  2. Check:

    • Purchase Cost

    • Useful Life

    • Salvage Value

    • Depreciation Method

    • Depreciation Start Date and Rate

  3. Correct any mistakes and save.

These fields are used by the fixed-asset report service to calculate depreciation and book value, which then flow into your financial reports.


5. I cannot edit or delete a particular asset

If an asset won’t let you edit or delete it:

  • Check whether it has already been disposed or transferred. Certain actions may be limited once there are transactions or depreciation entries linked to that asset.

  • If you still can’t change it, contact your system administrator; they may need to adjust permissions or handle the change through a journal or support process.


By following this guide, you can confidently set up and maintain your company’s fixed assets in DizLog, ensuring that your Balance Sheet and other financial reports reflect accurate asset and depreciation information.

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