Fixed Assets Overview

Fixed asset accounts are for long-lived things like homes, vehicles, or other major assets you want to keep visible in Common Cents and to add to your Net Worth.

In Common Cents, a fixed asset is not a budget account. It stays off-budget, can be linked to debt accounts, and uses a disposal workflow when you need to settle the value and close the account cleanly.

Start here if #

• you want to track the value of a major asset instead of leaving it outside the app
• you want to connect a mortgage, vehicle loan, or other debt to the asset it belongs to
• you need to sell, donate, or write off an asset without leaving the account history in a confusing state

In this section #

• Tracking Fixed Assets
• Link Fixed Assets and Debt
• Asset Disposal Workflow

What makes fixed assets different #

• Fixed assets stay off-budget.
• They can be linked to debt accounts.
• They can be closed only after the balance reaches $0.
• If the asset still has value, Common Cents routes you through Dispose Asset instead of a plain close action.

If you only care about the debt and do not need the asset itself in the app, you can skip fixed asset tracking entirely. The next pages help you decide when the extra structure is actually useful.