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* Select GL Account code for Balance Sheet '''Fixed Asset''. | * Select GL Account code for Balance Sheet '''Fixed Asset'''. | ||
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| Accum Depreciation || | | Accum Depreciation || | ||
Revision as of 05:02, 28 September 2022
Menu: Asset | Asset Group...
Introduction
- Categorize the asset items based on the following considerations.
- a. Type of assets, eg. Motor Vehicle, Furniture, etc;
- b. GL Account mapping.
Maintain Asset Group
- Maintain Asset Group
Field Name Explanation & Properties Code - Input the new Asset Group Code
- Field type : Alphanumerical
- Length : 20
Description - Input the Asset Group description, eg. Furniture, Motor Vehicle
- Field type : Alphanumerical
- Length : 200
Depreciation Method - Select an appropriate Depreciation Method to generate depreciation value
Fixed Asset - Select GL Account code for Balance Sheet Fixed Asset.
Accum Depreciation - Select GL Account code for Balance Sheet Accumulated Depreciation.
Depreciation - Select GL Account for P&L Depreciation of Asset.
Disposal Gain - Select GL Account for P&L Gain from Disposal Asset.
Disposal Loss - Select GL Account for P&L Loss from Disposal Asset.