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 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.