Net Book Value report—Fixed Assets Management

The Net Book Value report provides the total net book value of depreciable assets in each asset classification after accounting for accumulated depreciation and salvage value (if salvage value is considered for the selected book). Both active and inactive assets are included. It also provides the sum total net book value of all your assets. The report is available in the Fixed Assets Management reports package and is generated using custom reports.

This report is a crucial tool for customers seeking an accurate understanding of their fixed assets in the balance sheet. It offers a clear snapshot of the financial valuation of your assets, aiding in budgeting and forecasting.

For example, for the Computer Equipment classification, it shows the total accumulated depreciation is £50,000 and the total remaining depreciation (net book value) is £80,000.

Who typically needs this report?

• Controllers

• CFOs and upper management

Before you begin

• Install the Fixed Assets Management reports package

Run the report

You can run the report from the application menu or the Reports center.

1. Do one of the following:

   • Go to Fixed Assets Management > All > Reports > Custom reports and select your customized report.

   • Go to Reports > All > Advanced > Custom reports and select Run next to the Net Book Value, or next to your customized version.

2. Enter the name of the Journal that you want to include in the report, or leave this field blank to view all journals.

3. Optionally, customize the format of the report.

   1. For Page orientation, choose whether print versions of this report use a Portrait or Landscape page layout.

   2. For Show details, select Yes to display the detail lines that make up the report. Select No to display only subtotal and total calculation lines.

   3. The remaining format options are for viewing the report as a graph.

      Learn more about graphs.

4. Optionally, customize the report titles, which apply only to print versions of this report.

   How to add a title, subtitle, and footer to the report

   1. Enter the title in the Report Title 1 box.

   This title appears in large type at the top of the page, directly under your company name,

   2. Enter the subtitle in the Report Title 2 box.

      This subtitle appears in smaller type, directly beneath the main title.

   3. Enter the footer text in the Footer Text box.

      Footer text appears at the bottom center of the report.

   You can use up to 80 characters, including spaces, in each title, subtitle, and footer.

5. Choose an option to view the report:

   • Select View to view the report in your browser as an HTML page.
   • Select Print to view the report as a printable PDF file.
   • Select Export to download the report in a different format.

What's in this report?

The default report consists of the following columns. Some columns only display a value if the asset classification contains a single asset. If the classification includes multiple assets, the field is blank.

Buttons field descriptions

Column	Description
Subtotal name	Displays asset classifications and subtotal lines for those classifications.
Asset classification name	The name of the asset classification.
Asset GL account	The GL account assigned to the asset for recording asset costs.
Accumulated depreciation GL account	The GL account assigned to the asset for recording accumulated depreciation.
Depreciation expense GL account	The GL account assigned to the asset for recording depreciation expenses.
Disposal GL account	The GL account assigned to the asset for recording disposal.
Asset ID	The unique identifier of the asset.
Asset name	The name of the asset.
Acquisition date	The Acquisition date is the date that your organization purchased or obtained the asset.
In-service date	The in-service date is the date when the asset is available for use by your business. This date, along with the Convention, determines when the asset starts to depreciate. The In-service date must be on or after the acquisition date and the most recent transfer date, if any.
Asset cost	The Asset cost is the amount that the asset was purchased for.
Salvage value	The Salvage value is the estimated value of the asset at the end of its useful life. It must be less than the Asset cost.
Accumulated depreciation	The total amount of depreciation that the asset has accrued up to the present period. It is calculated by summing the depreciation amounts for entries in the Posted and Historically posted states.
Remaining depreciation	The depreciation expense amount yet to be recognized in the accounting records for an asset from the current period until the end of its useful life. It is the sum of the depreciation schedule entries that have not been posted yet. This concept is also known as the net book value.
Location	The name of the location dimension that the asset is assigned to.
Department	The name of the department dimension that the asset is assigned to.
Journal	The journal where fixed asset transactions are recorded.