Additional to the classes categorisation, iXERP gives you deeper levels by adding assets categories.
Category Name: Name of your assets categoryItem Tax Type: Select tax typeUnits of Measure: Select UOMExclude from purchases: Check if this item is excluded from purchasesGL Accounts:You can create these accounts in the Chart of Accounts if it does not already exist.Sales Account: Select sales GL accountAsset account: Select Asset GL accountDepreciation cost account: Select Depreciation cost accountDepreciation/Disposal account: Select Depreciation/Disposal GL accountDimensions: Select Dimension if you use them, otherwise ignore it
Examples of fixed asset categories:-
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