Documents | Main / Table of Contents

Fixed Assets Categories

Purpose

To categorise fixed assets

Examples of fixed asset categories:-

  • Buildings
  • Computer equipment
  • Computer software
  • Furniture and fixtures
  • Intangible assets
  • Land
  • Leasehold improvements
  • Machinery
  • Vehicles

Procedure - Screenshot

Category Name: Add the name of your category

Item Tax Type: Select tax type

Units of Measure: Select UOM

Exclude from purchases: Check if this item is exclude from purchases

Sales Account: Select sales GL account

Asset account: Select Asset GL account

Depreciation cost account: Select Depreciation cost account

Depreciation/Disposal account: Select Depreciation/Disposal GL account

Dimension 1 Select Dimension if you use them, otherwise ignore

Tips and Tricks

To be written

FAq's

To be written

Please note:

The FA wiki is for everyone, you can add, edit, comment, reword, add an example, etc. All you have to do is login (top right corner) with your FA forum account details and click the edit button at the bottom. Please follow the wiki guidelines (top left corner)