View source for 12 Altering Accounts

Altering Accounts

Can you alter the individual accounts per fixed asset?

When creating a new Fixed Asset, when you come to the Depreciation #1 tab (or Depreciation #2 tab if you have 
selected this one under Depreciation For Transactions in Preferences<LinkId=1063> ),  there are four accounts that can be changed.  One of these, The Fixed Assets Bank 
Account is the Clearing Account for fixed asset purchases. This should stay as the default selected in Preferences<LinkId=1063>. 

The other three can be changed depending on how you want your Fixed Assets grouped 

How to change accounts for a Fixed Asset

Select the Fixed Assets tab
Select Fixed Assets button
Select Depreciation #1 tab

Fixed Cost Asset Account
The default for this account is the Fixed Assets Account default in Preferences
Change to another Asset account as desired (eg. Motor Vehicles, Furniture etc)

Fixed Assets Depreciation Assets Account
The default for this account is the Fixed Assets Depreciation Assets Account in Preferences
Change to another Asset account as desired (eg. Motor Vehicles Depreciation, Furniture Depreciation etc)

Fixed Assets Depreciation Expense Account
The default for this account is the Fixed Assets Depreciation Expense Account default in Preferences
If you want multiple Depreciation Expense accounts you should set them ALL up as subsidiary accounts under 
the header account Fixed Asset Expenses and only post to the subsidiary accounts.  Discuss this with your 
accountant and ERP first