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