Adam helps you manage your fixed assets by automatically calculating depreciation, tracking book value, and matching asset purchases to bank transactions. This guide walks you through how to add fixed assets and reconcile their payments step by step.
Navigate to Fixed Assets
Sign in to your Adam account.
From the sidebar, click More.
Select Fixed Assets.
This opens the Fixed Assets table, where all your recorded assets are displayed.
Add a Fixed Asset
Click Add Fixed Asset.
Choose one of the following options:
Describe the asset in text, or
Upload a document containing the asset details.
Important upload notes
Text descriptions should be under 15,000 characters (about 100 entries).
Uploaded documents should not exceed 10 pages.
This helps Adam process your request faster.
When adding assets, make sure the following details are clearly stated:
Asset name
Purchase cost
Purchase date
Expected useful life
Click Submit once completed.
Asset Processing and Results
Adam processes your submission and updates you on the progress.
Once completed, your assets appear in the Fixed Assets table with details such as:
Asset name
Acquisition date
Acquisition cost
Depreciation value
Book value
Understanding Depreciation and Book Value
Depreciation value shows how much value the asset loses over time.
Book value is the asset’s current value in your records, calculated automatically as the original cost minus accumulated depreciation.
No manual calculations required.
Reconcile Fixed Asset Payments with Bank Transactions
To link an asset purchase to a bank payment:
Navigate to Bank Transactions.
Select the relevant bank account.
Locate the transaction related to the asset purchase.
Click the Category field.
Select the Match tab.
From the Payable dropdown, choose the corresponding fixed asset.
Verify the payment amount.
Click Save to complete the reconciliation.
Adam will automatically link the payment to the asset and update the records.
Repeat this process for any additional fixed asset payments.
Confirm Reconciliation
Return to the Fixed Assets table to confirm:
The payment is reflected
The asset balance is updated
This ensures your fixed asset records and bank transactions are fully aligned.