Creating Depreciable Asset Types

You can define the types of depreciable assets that your company or business owns. Then individual assets can be grouped according to their type.

To create a Depreciable Asset Type:

Repeat the steps to add more depreciable asset types.

  1. Go to Depreciable Assets > Setup > Depreciable Asset Types > New.

  2. On the Depreciable Asset Type page, enter values for these fields:

    • Name - Enter the name of the depreciable asset type. For example, 'Machinery and Equipment', 'Structures and Buildings', or 'Vehicles'.

    • Index -Enter the number indicating the order of asset types on the report. Types are displayed in the report by index, 1, 2, and so on. Every existing asset type has a default value. When creating a new asset type, consider the existing asset types and their place on the index.

  3. Click Save.

General Notices