Placed-in-service date
The date a fixed asset became ready and available for business use, which starts depreciation.
In Solo Superstars
Where it is used: Fixed assets uses this date—not necessarily the purchase or payment date—to calculate book and tax depreciation.
Example
Equipment bought June 1 but installed and ready June 15 has a June 15 placed-in-service date.
Codes shown are the defaults a new workspace starts with. Yours may be renamed or renumbered — check Accounting › Chart of accounts. See the full default chart.
Also called
- in-service date
- depreciation start date