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| Fixed Asset || | | Fixed Asset || | ||
* Select GL Account code for | * Select Balance Sheet GL Account code for '''Fixed Asset'''. | ||
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| Accum Depreciation || | | Accum Depreciation || | ||
* Select GL Account code for | * Select Balance Sheet GL Account code for '''Accumulated Depreciation'''. | ||
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| 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'''. | ||
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Revision as of 05:03, 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 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.