General Ledger Accounts In Fixed Assets

To set up general ledger accounts to be included in Fixed Assets Management:

  1. Go to Lists > Accounting > Accounts.
  2. Click the Edit link of the account that you want to set up.
  3. In the Show in Fixed Assets Management field, select the Fixed Assets Management accounts. To select multiple accounts, hold down the CTRL key and click on the accounts.
    • Asset Account
    • Depreciation Account
    • Depreciation Charge Account
    • Write Off Account
    • Write Down Account
    • Disposal Cost Account
  4. Click Save.

To verify successful account definition in Asset Type and Asset records:

  1. Go to Fixed Assets > Setup > Asset Types > New.
  2. On the Accounts subtab, verify that the account you defined is available in the dropdown menu of the following fields (if applicable to the account you defined):
    • Asset Type Asset Account
    • Asset Type Depreciation Account
    • Asset Type Depreciation Charge Account
    • Asset Type Write Off Account
    • Asset Type Write Down Account
    • Asset Type Disposal Cost Account
  3. Go to Fixed Assets > Lists > Assets > New.
  4. On the Accounts subtab, verify that the account you defined is available in the dropdown menu of the following fields (if applicable to the account you defined):
    • Asset Account
    • Depreciation Account
    • Depreciation Charge Account
    • Write Off Account
    • Write Down Account
    • Disposal Cost Account

Leave a comment

Your email address will not be published. Required fields are marked *