Type (AM06.1)

Use Type (AM06.1) to define an asset type. Use asset types to group assets that have similar characteristics (for example, BUILDING or EQUIPEMENT) and associate them with a property classification (personal, real estate, land, stocks, and so on), and with asset posting accounts. You must define at least one asset type for each company that processes assets. You can also use AM06.1 to further define a type into subtypes.

You can define an asset type that allows depreciation expense to be allocated to multiple accounting units. Click the Star button next to the Depreciation Expense fields to open Depreciation Allocation (AM06.6). Use this form to define depreciation expense allocations.

Process at a Glance

  1. Define at least one depreciation book.

  2. Define a depreciation calendar for the current year (AM01.1).

  3. (This step) Define an asset type (AM06.1)

  4. Define an account group (AM05.1)

  5. Define an accounting unit group (AM09.1)

    Note: You can also associate a user analysis value and an activity to a type.

Processing Effect

If you want to define a subtype for an asset type, you must first define the type alone (without a subtype).

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