Yes. Worthic lets you maintain an asset register for your property’s furniture, appliances and equipment, recording purchase details, supporting documents and depreciation settings. You can review depreciation by financial year, accumulated depreciation and remaining book value.
On the web
1. Open Real estate and select your property.
2. Choose Manage assets.
3. Select Add → Add asset.
4. Enter the asset name, purchase date, purchase amount and category.
5. Choose the Depreciation schedule and enter the useful life where required.
6. Attach supporting documents, then select Add asset to save.
To bring in existing records, choose Add → Import assets. Use FY view to review depreciation by financial year, the CSV control to export it, or generate an Assets & Depreciation report from the property’s reports.
On mobile
1. Open More → Real estate and select your property.
2. Under Manage property, tap Assets & depreciation. If tracking is disabled, tap Set up now and complete the setup.
3. Tap Add asset.
4. Enter the asset name, purchase date, purchase amount and category.
5. Select the Depreciation schedule and enter the useful life in years.
6. Add supporting documents under Attachments, then tap Save changes.
To update an existing asset, open it in the property’s asset register and save your changes.
You can also create assets while editing a property expense transaction. Select the property’s reporting line, then choose Furniture and appliances or Equipment under Capital items.
- Web: Select Add asset, enter the asset details, amount and depreciation information, then add the asset.
- Mobile: In Property assets, tap Add item and enter the asset details, amount and depreciation information.
You can add multiple items to a transaction and record their full cost, even when the transaction represents only a deposit or partial payment. For a split transaction, add the items to the relevant property component.
Save the transaction to save the assets to the property’s asset register and link them to the source transaction.