Fixed Assets
Track what you own and depreciate it properly — asset records, straight-line depreciation that posts to the ledger, disposals, transfers, impairments, and lease records.
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 & Leases 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 hold the book 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
Open Assets and create the record: what it is, what it cost, when it went into service, and its class.
The class brings the useful life and accounts with it — you can override per-asset when something genuinely differs.
Run Depreciation
Open Depreciation Runs and create a run for the period.
Horizon computes the straight-line schedule for every in-service asset in the book.
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.
Leases
Leases are more than a register. Horizon carries a full lease accounting engine: the agreement and its payment schedule, the right-of-use asset and lease liability it gives rise to, amortization runs that post, incremental borrowing rate schedules, and remeasurement events when terms change.
The whole lease area is in early access, available on request on top of the Finance module — including the Leases register itself. If these screens are absent from your sidebar, that is why. Everything else on this page is part of Finance Core.
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 book depreciation is computed in (the 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 |
Lease screens, all in early access and available on request:
| Screen | What it’s for |
|---|---|
| Leases | The agreement, its terms and dates |
| Lease Payment Schedules | What is due, and when |
| ROU Assets | The right-of-use asset the lease creates |
| Lease Liabilities | The obligation side |
| Lease Amortization Runs | Compute and post the period’s lease accounting |
| IBR Schedules | Incremental borrowing rates used for discounting |
| Remeasurement Events | Term or payment changes, re-measured |