When your Association purchases an asset - whether its a new tennis court or simply smaller one-time purchases, you should track these assets. Certainly some office supplies and such do not require it, but establish a policy, then track your assets here.
In the Financial Dashboard, you will find the Asset tracking feature.
👉 Click Add Asset
Fill out the specifics for the asset - Choosing Capital Asset (requires depreciation tracking and reserve study inclusion) vs Equipment/Supply (non depreciated).
👉 View all Assets or filter by Capital Assets vs Equipment
Need some help? Just ask! We're happy to provide additional guidance.