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 |