The option used to specify the G/L Account Codes to be used to track fixed asset transactions posted to G/L. The G/L codes of Profit/Loss on Sales, Depreciation and Depletion Portions, Revaluations, Deferred VAT, Accumulated Depreciations and Fixed Asset Expenses are specified by selecting the related menu titles. When G/L Codes are assigned, the filter windows are used to specify the G/L Account Codes, Overhead Pools, Connection Codes to be applied for each transaction, division and/or department transactions to be tracked, and whether or not the codes specified here will be transferred into records as default. The filter options of Fixed Asset connection codes are:
Name | Value |
|---|---|
G/L Code | Value entry |
Overhead Pool Code | Value entry |
Description | Description entry |
Division | Defined divisions |
Department | Defined departments |
Default | Yes / No |
Warehouse | Defined warehouses |
Fixed Asset Code | Group / Range |
Fixed Asset Aux. Code | Group / Range |
Depreciation Record Code | Group / Range |
Depreciation Type | Normal / Declining Balances |
Depreciation Rate | Value Entry |
Slip Aux. Code | Group / Range |
VAT Rate | Rate Entry |
Trading Group | Group / Range |