General Ledger Accounts for Fixed Assets Management
The Fixed Assets Management SuiteApp provides predefined general ledger accounts for fixed assets, but you can set up your existing general ledger accounts to be used with the SuiteApp.
When you install the Fixed Assets Management SuiteApp, the following accounts are already defined:
|
FAM Account Field (for Assets, Asset Types, and Asset Proposals) |
Account Types |
|---|---|
|
Asset Account |
Fixed Asset |
|
Depreciation Account |
Fixed Asset |
|
Depreciation Charge Account |
Deferred Expense, Expense, Other Expense |
|
Write Off Account |
Fixed Asset, Deferred Expense, Expense, Other Expense |
|
Write Down Account |
Fixed Asset, Deferred Expense, Expense, Other Expense |
|
Disposal Cost Account |
Expense, Income, Other Expense, Other Income |