• From: India, TN, Karur
  • Registered: 05/16/2014
  • Posts: 1,181

Topic: Why we need separate Category and location for Fixed Assets ?

Suppose if i have only one location for my business. how do i add fixed assets location. ?

I need to create separate location for fixed assets. but actually its not original, As i need to use the same location that i have.

And also the category.

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  • From: Pakistan
  • Registered: 10/07/2019
  • Posts: 48

Re: Why we need separate Category and location for Fixed Assets ?

yes right, for locations i think same inventory locations could have been used for fixed assets, as assets are already flagged F in stock master, so there would not have any problem in filtering for reports/inquiries but for categories i think its useful to keep it separate as it gives better management and handling of the following:

1 .Category wise separate GL mapping for assets
2. Avoid mixing of assets categories in inventory reports dropdowns
3. Avoid chances of erroneously categorizing assets into inventory categories by user(on the setup form) etc