Fixed Assets

Fixed Assets tracks the things you own that outlive the month you bought them — equipment, vehicles, furniture — and turns their cost into proper monthly depreciation in your books, with no side spreadsheet doing the real math.

All of these screens live under Fixed Assets in the Finance sidebar.

Set Up Classes and Books

• Asset Classes group similar assets — “General Equipment,” “Vehicles” — and carry the defaults that make depreciation post correctly: useful life and the depreciation accounts. Horizon provisions a ready-to-use class when Finance is activated.
• Depreciation Books define the set of books depreciation is computed in. Your financial book is set up by default, and it’s the one that posts to the ledger.

Record an Asset

1. Open Assets and create the record: what it is, what it cost, when it went into service, and its class.

2. The class brings the useful life and accounts with it — you can override per-asset when something genuinely differs.

Run Depreciation

1. Open Depreciation Runs and create a run for the period.

2. Horizon computes the straight-line schedule for every in-service asset in the book.

3. Post the run: one balanced entry — depreciation expense against accumulated depreciation — lands in your ledger. That’s your books catching up with reality, monthly, in one click.

When Things Change

• Asset Disposals — sold it, scrapped it, lost it: record the disposal as a proper event so the asset’s story ends cleanly in the ledger.
• Asset Transfers — moved between locations or entities: the record follows.
• Impairment Events — worth less than the books say: record the write-down as an event, not a mystery journal.

Keep Lease Records

Leases holds every lease agreement — the terms, the parties, the dates — registered in one place instead of a drawer.

Screens in This Area

Screen	What it’s for
Assets	What you own — cost, class, in-service date
Asset Classes	Defaults: useful life + depreciation accounts
Depreciation Books	The books depreciation is computed in (financial book posts)
Depreciation Runs	Compute the straight-line schedule and post it
Asset Disposals	Endings, recorded properly
Asset Transfers	Moves, recorded properly
Impairment Events	Write-downs, recorded properly
Leases	Lease agreements, registered