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 the following 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