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 ?

null@example.com (kvvaradha) — Sat, 07 May 2022 04:03:08 +0000

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 ?

null@example.com (dz) — Fri, 06 May 2022 20:51:16 +0000

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 ?

null@example.com (kvvaradha) — Fri, 06 May 2022 18:07:11 +0000

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 ?

null@example.com (dz) — Fri, 06 May 2022 17:39:47 +0000

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 ?

null@example.com (kvvaradha) — Thu, 05 May 2022 11:21:33 +0000

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.