Understanding Category Codes

You can define category codes to meet the organization's information needs. Use these category codes in the master record to further describe assets and equipment and to group similar types of equipment for ease of tracking, reporting, and data selection throughout the system.

In general, you set up the first category code to group assets into accounting classes. In this case, the first category code is typically referred to as the Major Accounting Class. You can set up this category code with a one-to-one relationship with asset cost accounts in the general ledger. You might also select another category code to identify assets by the depreciation methods for translation that you assign each one.

If you use JD Edwards EnterpriseOne Capital Assert Management, JD Edwards EnterpriseOne Equipment Billing, or JD Edwards EnterpriseOne Service Management with the JD Edwards EnterpriseOne Fixed Assets system, the four systems access the same category code tables. JD Edwards EnterpriseOne Capital Asset Management users frequently use the first ten category codes as selection criteria for several tasks, such as selecting equipment for updating meter readings, updating PM schedules, and so on. You should reserve as many of the first ten category codes in the equipment master as you need for equipment maintenance purposes.