{"id":4149,"date":"2026-05-29T20:31:37","date_gmt":"2026-05-29T20:31:37","guid":{"rendered":"https:\/\/aaxonix.com\/resources\/?post_type=glossary&#038;p=4149"},"modified":"2026-05-29T20:31:37","modified_gmt":"2026-05-29T20:31:37","slug":"fixed-asset-zoho-books","status":"publish","type":"glossary","link":"https:\/\/aaxonix.com\/resources\/glossary\/fixed-asset-zoho-books\/","title":{"rendered":"Fixed Asset"},"content":{"rendered":"<style>\n.gt-body{font-family:'Poppins',sans-serif;color:#111;line-height:1.75}\n.gt-def{border-left:4px solid #E8650A;padding:16px 20px;background:#fff8f4;border-radius:0 8px 8px 0;margin:0 0 32px;font-size:1.05rem}\n.gt-section{margin:0 0 36px}\n.gt-section h2{font-family:'Fraunces',serif;color:#0A1628;font-size:1.5rem;margin:0 0 12px}\n.gt-example-box{background:#f0f4ff;border-radius:10px;padding:20px 24px;margin:0 0 32px}\n.gt-example-box strong{color:#2563EB}\n.gt-related-pills{display:flex;flex-wrap:wrap;gap:10px;margin:0 0 32px}\n.gt-related-pill{background:#f7f4ef;border:1px solid #ddd8cf;border-radius:20px;padding:6px 16px;font-size:.875rem;color:#0A1628;text-decoration:none}\n.gt-faq-item{border:1px solid #ddd8cf;border-radius:10px;padding:16px 20px;margin:0 0 12px}\n<\/style>\n<div class=\"gt-body\">\n<div class=\"gt-def\">A fixed asset in Zoho Books is a long-term tangible resource your business owns and uses for more than one accounting period, such as machinery, vehicles, computers, or property, recorded on the Balance Sheet and depreciated over its useful life.<\/div>\n<div class=\"gt-section\">\n<h2>Recording Fixed Assets in Zoho Books<\/h2>\n<p>When you purchase a fixed asset, create a dedicated account in the Chart of Accounts under the Fixed Asset sub-type. Post the purchase by debiting this account and crediting your bank or a loan payable account. If the asset has multiple components (such as a server with separate hardware and installation costs), you can either capitalise both or expense the installation depending on your accounting policy and the materiality of the amount.<\/p>\n<p>For each fixed asset account, create a corresponding &#8220;Accumulated Depreciation&#8221; contra-asset account. The Balance Sheet will show the asset at gross cost minus accumulated depreciation, giving the net book value.<\/p>\n<\/div>\n<div class=\"gt-section\">\n<h2>Fixed Asset Register in Zoho Books<\/h2>\n<p>Zoho Books does not have a built-in fixed asset register, but you can maintain one by creating a separate account for each asset category (or individual high-value asset) and tracking depreciation through recurring journal entries. Many Zoho Books users supplement this with a spreadsheet that records asset name, purchase date, cost, useful life, depreciation method, and current net book value.<\/p>\n<\/div>\n<div class=\"gt-section\">\n<h2>Disposal of Fixed Assets<\/h2>\n<p>When you sell or scrap a fixed asset, you need to remove it from the books. Debit the Accumulated Depreciation account for the total depreciation posted to date, credit the Fixed Asset account for the original cost, debit or credit your bank for the sale proceeds, and post any resulting gain or loss to an &#8220;Gain on Asset Sale&#8221; or &#8220;Loss on Asset Disposal&#8221; income or expense account. This keeps the Balance Sheet clean and the P&#038;L accurate.<\/p>\n<\/div>\n<div class=\"gt-example-box\"><strong>Industry:<\/strong> Printing \u2014 A Pune printing house purchases a digital press for INR 40 lakhs. It creates a &#8220;Printing Equipment&#8221; fixed asset account in Zoho Books, records the purchase, and sets up a monthly WDV depreciation entry of INR 1.5 lakhs. After three years, the net book value is clearly visible on the Balance Sheet.<\/div>\n<div class=\"gt-related-pills\">\n<a href=\"https:\/\/aaxonix.com\/resources\/glossary\/depreciation-zoho-books\/\" class=\"gt-related-pill sp-content-link\">Depreciation<\/a><br \/>\n<a href=\"https:\/\/aaxonix.com\/resources\/glossary\/asset-zoho-books\/\" class=\"gt-related-pill sp-content-link\">Asset<\/a><br \/>\n<a href=\"https:\/\/aaxonix.com\/resources\/glossary\/journal-entry-zoho-books\/\" class=\"gt-related-pill sp-content-link\">Journal Entry<\/a><br \/>\n<a href=\"https:\/\/aaxonix.com\/resources\/glossary\/balance-sheet-zoho-books\/\" class=\"gt-related-pill sp-content-link\">Balance Sheet<\/a>\n<\/div>\n<div class=\"gt-faq-item\"><strong>What is a Fixed Asset in Zoho Books?<\/strong><\/p>\n<p>A fixed asset in Zoho Books is a long-term tangible resource owned by your business, such as machinery, computers, vehicles, or office furniture, recorded on the Balance Sheet under Fixed Assets and depreciated over its useful life.<\/p>\n<\/div>\n<div class=\"gt-faq-item\"><strong>How do I add a fixed asset in Zoho Books?<\/strong><\/p>\n<p>Create an account of type Fixed Asset in the Chart of Accounts. When you purchase the asset, post the purchase to this account via a journal entry or vendor bill. Then create an associated Accumulated Depreciation contra-account and set up a recurring journal entry for monthly depreciation.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A fixed asset in Zoho Books is a long-term tangible resource your business owns and uses for more than one accounting period,\u2026<\/p>\n","protected":false},"template":"","meta":{"seo_title":"Fixed Asset | Zoho Books Glossary","seo_description":"A fixed asset in Zoho Books is a long-term tangible resource your business owns. 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