<?xml version="1.0" encoding="utf-8"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
	<channel>
		<title><![CDATA[FrontAccounting forum — Fixed Asset Category Configuration and GL Accounts]]></title>
		<link>https://frontaccounting.com/punbb/viewtopic.php?id=7596</link>
		<atom:link href="https://frontaccounting.com/punbb/extern.php?action=feed&amp;tid=7596&amp;type=rss" rel="self" type="application/rss+xml" />
		<description><![CDATA[The most recent posts in Fixed Asset Category Configuration and GL Accounts.]]></description>
		<lastBuildDate>Mon, 02 Jul 2018 14:31:42 +0000</lastBuildDate>
		<generator>PunBB</generator>
		<item>
			<title><![CDATA[Re: Fixed Asset Category Configuration and GL Accounts]]></title>
			<link>https://frontaccounting.com/punbb/viewtopic.php?pid=32049#p32049</link>
			<description><![CDATA[<p>You can also change the field labels using a &#039;translation&#039; if you want?</p>]]></description>
			<author><![CDATA[null@example.com (poncho1234)]]></author>
			<pubDate>Mon, 02 Jul 2018 14:31:42 +0000</pubDate>
			<guid>https://frontaccounting.com/punbb/viewtopic.php?pid=32049#p32049</guid>
		</item>
		<item>
			<title><![CDATA[Re: Fixed Asset Category Configuration and GL Accounts]]></title>
			<link>https://frontaccounting.com/punbb/viewtopic.php?pid=32044#p32044</link>
			<description><![CDATA[<p>@jkent3rd: Thanks for the info.<br />Stands <a href="https://frontaccounting.com/fawiki/index.php?n=Help.FixedAssetCategory">Wiki</a>-ed.</p>]]></description>
			<author><![CDATA[null@example.com (apmuthu)]]></author>
			<pubDate>Mon, 02 Jul 2018 06:53:57 +0000</pubDate>
			<guid>https://frontaccounting.com/punbb/viewtopic.php?pid=32044#p32044</guid>
		</item>
		<item>
			<title><![CDATA[Re: Fixed Asset Category Configuration and GL Accounts]]></title>
			<link>https://frontaccounting.com/punbb/viewtopic.php?pid=32043#p32043</link>
			<description><![CDATA[<p>So after I&#039;ve dug through everything this is what I have determined:</p><p>-The field labeled &quot;Asset Account&quot; is where you select the GL asset account that will hold the purchase value of the fixed asset.<br />-The field labeled &quot;Sale Account&quot; is where you select the GL income/revenue account you wish the revenue from the disposal of the asset to be recorded at the time of sale.<br />-The field labeled &quot;Depreciation Cost account&quot; is where you select the GL expense account for depreciation expense to be debited/recorded each time depreciation is run.<br />-The field labeled &quot;Depreciation/Disposal Account&quot; is where you select the GL contra-asset account for the accumulated depreciation to credited/recorded each time depreciation is run.</p>]]></description>
			<author><![CDATA[null@example.com (jkent3rd)]]></author>
			<pubDate>Mon, 02 Jul 2018 03:35:14 +0000</pubDate>
			<guid>https://frontaccounting.com/punbb/viewtopic.php?pid=32043#p32043</guid>
		</item>
		<item>
			<title><![CDATA[Re: Fixed Asset Category Configuration and GL Accounts]]></title>
			<link>https://frontaccounting.com/punbb/viewtopic.php?pid=32036#p32036</link>
			<description><![CDATA[<p>Some of the accounts are determined in Setup -&gt; System and General GL Setup.</p><p>You can also add as many accounts as you like.</p><p>Suggest you set up a training company 1st, this will also help you understand the program.</p>]]></description>
			<author><![CDATA[null@example.com (poncho1234)]]></author>
			<pubDate>Sun, 01 Jul 2018 14:20:33 +0000</pubDate>
			<guid>https://frontaccounting.com/punbb/viewtopic.php?pid=32036#p32036</guid>
		</item>
		<item>
			<title><![CDATA[Fixed Asset Category Configuration and GL Accounts]]></title>
			<link>https://frontaccounting.com/punbb/viewtopic.php?pid=32033#p32033</link>
			<description><![CDATA[<p>While setting up a fixed asset category, its unclear which specific GL accounts the names are referring.</p><br /><p>I expected to find:<br />The Asset Account<br />The Contra Accumulated Depreciation Account<br />The Expense Account<br />The Gain/Loss GL Account </p><p>What I find instead are:<br />A Sales Account<br />An Asset Account<br />A Depreciation Cost Account<br />A Depreciation/Disposal Account</p><p>I&#039;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.</p><p>John</p>]]></description>
			<author><![CDATA[null@example.com (jkent3rd)]]></author>
			<pubDate>Sun, 01 Jul 2018 02:42:49 +0000</pubDate>
			<guid>https://frontaccounting.com/punbb/viewtopic.php?pid=32033#p32033</guid>
		</item>
	</channel>
</rss>
