# How to Create Asset Statuses **Overview** Asset Statuses are labels that reflect the current stage of an item's lifecycle, such as "In Use," "In Repair," "In Store," or "Disposed." Defining clear statuses is crucial for accurate inventory management, allowing you to quickly see which assets are available for deployment and which are currently unavailable or retired. #### **Step-by-Step Guide** **1. Navigate to Asset Status Settings** Access the asset status configuration section from the settings menu. * From the main menu, go to Settings (1). * Under the `Asset` section (2), click on Status (3). * Click the Add Asset Status button (4) in the top right corner.

**2. Define the New Status** In the pop-up window, fill in the details for the new status label. * Name: Enter a clear name for the status (e.g., `Available`). * Description: Add a brief description to explain what this status means (e.g., "Asset is in stock and ready to be assigned"). * Click Save to add the new status to your system.