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:

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