Fixed Assets Categories

Additional to the classes categorisation, iXERP gives you deeper levels by adding assets categories.

Category Name: Name of your assets category
Item Tax Type: Select tax type
Units of Measure: Select UOM
Exclude from purchases: Check if this item is excluded from purchases
GL Accounts:
You can create these accounts in the Chart of Accounts if it does not already exist.
Sales Account: Select sales GL account
Asset account: Select Asset GL account
Depreciation cost account: Select Depreciation cost account
Depreciation/Disposal account: Select Depreciation/Disposal GL account
Dimensions: Select Dimension if you use them, otherwise ignore it

Examples of fixed asset categories:-

  • Buildings
  • Computer equipment
  • Computer software
  • Furniture and fixtures
  • Intangible assets
  • Land
  • Leasehold improvements
  • Machinery
  • Vehicles
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