Maintain Asset Group

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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.

See also

• Maintain Asset Item
• Process Depreciation
• Open Depreciation
• Asset Disposal
• Print Yearly Depreciation
• Print Asset Analysis
• Print Asset Disposal Listing
• How to tally my Asset with the GL Maintain Opening Balance