Maintain Asset Group: Difference between revisions

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==Introduction==
==Introduction==
:Categorize the asset items based on the following considerations.
: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.
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|-
|-
| Fixed Asset ||  
| Fixed Asset ||  
* Select GL Account code for Balance Sheet '''Fixed Asset''.
* Select Balance Sheet GL Account code for '''Fixed Asset'''.
|-
|-
| Accum Depreciation ||  
| Accum Depreciation ||  
* Select GL Account code for Balance Sheet '''Accumulated Depreciation'''.
* Select Balance Sheet GL Account code for '''Accumulated Depreciation'''.
|-
|-
| Depreciation ||  
| Depreciation ||  
* Select GL Account for P&L '''Depreciation of Asset'''.
* Select P&L GL Account for '''Depreciation of Asset'''.
|-
|-
| Disposal Gain ||  
| Disposal Gain ||  
* Select GL Account for P&L '''Gain from Disposal Asset'''.
* Select P&L GL Account for '''Gain from Disposal Asset'''.
|-
|-
| Disposal Loss ||  
| Disposal Loss ||  
* Select GL Account for P&L '''Loss from Disposal Asset'''.
* 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.
Asset Group 01.jpg


Maintain Asset Group

Maintain Asset Group
Asset Group 02.jpg
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