Recording a fixed asset with amortization

Furniture and appliance purchases are recorded as expenses with amortization, so Keyio automatically spreads the deduction across the correct number of years.

Investment vs. repair

A repair (fixing something that already existed) is typically deducted in full the year it happens. An investment (buying new furniture, appliances, or making a renovation that adds value) is instead amortized — its cost is spread across several years. Keyio handles this automatically when you choose the right expense category.

  1. 1Open a property and go to the Gastos (Expenses) tab, or use the "Add Fixed Asset" quick action from the dashboard FAB.
  2. 2Set the expense type to Mobiliario (furniture) or Electrodomésticos (appliances).
  3. 3Enter the acquisition cost, date, and set the amortization period (typically 10 years). Keyio spreads the cost evenly across that period.
  4. 4To view the full amortization schedule for all fixed assets, click the "Amortización" button at the top of the Gastos tab.

Keep reading

Amortization settings and schedulesRecording expenses manually