Setting Up Fixed Asset Class Codes
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Open the Fixed Asset Class Codes form.
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Select .
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In the Class field, specify a code.
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Optionally, select a department for the code.
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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.
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Save the record.