NavigateERP for African business

"Is in your fixed-asset register" when setting a machine to hired in

A hired-in machine is not yours, so it is not in your register.

What to do

  1. The machine was added to Lease & rentals from your fixed-asset register, so the books treat it as yours and depreciate it. A machine hired in from a partner must not be.
  2. Add it instead with Lease & rentals → Assets → Add an owner's asset (the partner as its owner), then set Ownership → Hired in from a partner with their rate an hour.
  3. If it really is yours and you only share it, choose Co-owned with a partner instead, with their share of the proceeds.

Good to know

  • The opposite also applies: an owner's asset cannot be set to owned or co-owned - capitalise it in the fixed-asset register first.