Screenshot:Asset Group

Asset Group

Assets can be grouped into different categories with the aim of helping their depreciation management and analysis.

Asset category window allows to create and configure every asset category your organization may need.

Organization : Organizational entity within client
Name : A non-unique identifier for a record/document often used as a search tool.
Description : A space to write additional related information.
Active : A flag indicating whether this record is available for use or de-activated.
Help/Comment : A comment that adds additional information to help users work with fields.
Depreciate : The asset is used internally and will be depreciated
Depreciation Type : Depreciation Type
Calculate Type : Calculate type
Annual Depreciation % : Depreciation annual %
Amortize : Asset schedule
Usable Life - Years : Years of the usable life of the asset
Usable Life - Months : Months of the usable life of the asset
Every Month is 30 Days : When calculating the amortization plan every month will be considered as a 30 day month.
Owned : The asset is owned by the organization
Client : Client for this installation.
Asset Category : A classification of assets based on similar characteristics.

Each asset category allows to configure a different set of accounts to use to post asset depreciation.

General Ledger : The book containing all financial transactions recorded for the legal entity.
Accumulated Depreciation : Accumulated Depreciation
Depreciation : Depreciation account
Copy Accounts : Copy and overwrite Accounts
Active : A flag indicating whether this record is available for use or de-activated.
Disposal Gain : Disposal Gain
Disposal Loss : Disposal Loss
Organization : Organizational entity within client
Client : Client for this installation.
Asset Group Accounting
Asset Category : A classification of assets based on similar characteristics.