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


To be written

Please note:

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