Starting balance — Intangible Asset — Edit

This guide explains how to set up a starting balance for an intangible asset using the Starting balance — Intangible Asset — Edit form in Manager.io.

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Accessing the Form

Navigate to the Starting balance — Intangible Asset — Edit form. This form is used to enter the opening balances for your intangible assets as you set up your accounts in Manager.io.

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Fields Explained

The form includes the following fields:

1. Intangible Asset

• What to do:
  Select the intangible asset from the dropdown menu.
• Where to find it:
  The asset must be previously created under the Intangible Assets section.

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2. Starting balance

• What to do:
  Enter the acquisition cost of the intangible asset.
• Tip:
  This is the amount you originally paid to acquire the intangible asset.

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3. StartingBalanceAccumulatedAmortization

• What to do:
  Enter the accumulated amortization for the intangible asset.
• Tip:
  This should reflect the total amortization claimed on the asset up to the start date in your Manager.io accounts.

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Summary Table

Field	Description	Action
Intangible Asset	Select from created intangible assets	Choose an existing asset
Starting balance	Acquisition cost of the intangible asset	Enter the purchase cost
StartingBalanceAccumulatedAmortization	Accumulated amortization to date	Enter total amortization up to start date

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Finalizing

Once you have entered all required information, review for accuracy and save the form. This ensures your intangible assets are correctly represented from your opening balances in Manager.io.

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Note:
Ensure all information entered matches your prior accounting records and supporting documentation.

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By following these steps, you can accurately set up your intangible assets with correct starting balances in Manager.io.