Topic: Fixed Asset Category Configuration and GL Accounts
While setting up a fixed asset category, its unclear which specific GL accounts the names are referring.
I expected to find:
The Asset Account
The Contra Accumulated Depreciation Account
The Expense Account
The Gain/Loss GL Account
What I find instead are:
A Sales Account
An Asset Account
A Depreciation Cost Account
A Depreciation/Disposal Account
I've been trying to read the code, but not certain how these named accounts map to the accounts I would expect to see in a depreciation transaction or in an asset disposal transaction.