FrontAccounting forum — What is the use of parent class in Fixed Assets class ?

Re: What is the use of parent class in Fixed Assets class ?

2022-05-07T04:03:08Z

this is perfect example dude. looks good to have it for drop down purpose.

Re: What is the use of parent class in Fixed Assets class ?

2022-05-06T20:51:16Z

Yes if you referring to the parent class ID, i canot find any use in reports or even dropdowns. If you want to create multiple child under one parent class for categorization visibility in drop down (like Automobile(Parent)-4 wheeler(child)-2 wheeler(child)) system does not allows.

Re: What is the use of parent class in Fixed Assets class ?

2022-05-06T18:07:11Z

you are right. but the parent has no use here i guess. it was simply kept there. but never used anywhere in the system.,

Re: What is the use of parent class in Fixed Assets class ?

2022-05-06T17:39:47Z

Class setup form in Fixed module is used to setup the basic depreciation rate for different categories of FAs(e.g for Building 5% for IT equipment 40% etc ). It fetches the dep. rate while you are creating a new FA item(In Declining and Straight line method).

What is the use of parent class in Fixed Assets class ?

2022-05-05T11:21:33Z

As i am trying out with Fixed assets, and came to know what is the use of parent class id in the fixed assets class.

I feel it was not used anywhere from the depreciation to the entire system.