Setting Up Fixed Asset Class Codes

Open the Fixed Asset Class Codes form.

Select Actions > New.

In the Class field, specify a code.

Optionally, select a department for the code.

Select the accounts to associate with the code:

Asset Account: The General Ledger account to which the asset is assigned.
Accumulate Depreciation Account: The account on which depreciation is accumulated.
Expense Account: The income account to which depreciation expenses are posted.

Save the record.