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==Introduction== | ==Introduction== | ||
: | :Group the asset items based on the following considerations. | ||
::a. Type of assets, eg. Motor Vehicle, Furniture, etc; | ::a. Type of assets, eg. Motor Vehicle, Furniture, etc; | ||
::b. GL Account mapping. | ::b. GL Account mapping. | ||
| Line 30: | Line 30: | ||
|- | |- | ||
| Fixed Asset || | | Fixed Asset || | ||
* Select GL Account code for | * Select Balance Sheet GL Account code for '''Fixed Asset'''. | ||
|- | |- | ||
| Accum Depreciation || | | Accum Depreciation || | ||
* Select GL Account code for | * Select Balance Sheet GL Account code for '''Accumulated Depreciation'''. | ||
|- | |- | ||
| Depreciation || | | Depreciation || | ||
* Select GL Account for | * Select P&L GL Account for '''Depreciation of Asset'''. | ||
|- | |- | ||
| Disposal Gain || | | Disposal Gain || | ||
* Select GL Account for | * Select P&L GL Account for '''Gain from Disposal Asset'''. | ||
|- | |- | ||
| Disposal Loss || | | Disposal Loss || | ||
* Select GL Account for | * Select P&L GL Account for '''Loss from Disposal Asset'''. | ||
|} | |} | ||
<br /> | <br /> | ||
==See also== | |||
* [[Maintain Asset Item]] | |||
* [[Process Depreciation]] | |||
* [[Open Depreciation]] | |||
* [[Asset Disposal]] | |||
* [[Print Yearly Depreciation]] | |||
* [[Print Asset Analysis]] | |||
* [[Print Asset Disposal Listing]] | |||
* [[How to process Asset Opening and tally with the GL Maintain Opening Balance]] | |||
* [[Import-Asset Master List]] | |||
Latest revision as of 08:50, 14 December 2022
Menu: Asset | Asset Group...
Introduction
- Group 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 Balance Sheet GL Account code for Fixed Asset.
Accum Depreciation - Select Balance Sheet GL Account code for Accumulated Depreciation.
Depreciation - Select P&L GL Account for Depreciation of Asset.
Disposal Gain - Select P&L GL Account for Gain from Disposal Asset.
Disposal Loss - Select P&L GL Account for Loss from Disposal Asset.