Accounting › Asset Accounting
Asset Classes
What kind of thing it is, and where its postings go — so a hundred laptops do not each carry their own account determination typed by hand.
Where to find it
- Module: Accounting
- Group: Ledger
- Section: Asset Accounting
- Screen: Asset Classes
Address in the console: /accounting/asset-classes
List · 8 columns · 23 fields on its form · 3 of them required
What the list shows
These are the columns of the list, in the order they are drawn. Any of them can be sorted on, filtered on, hidden, or exported.
| Column | Kind | Field name |
|---|---|---|
| Class | Code | code |
| Name | Text | name |
| Category | Status | category |
| Default life (months) | Number | default_life_months |
| Default method | Status | default_method |
| Cost account | Code | cost_account_no |
| Accumulated | Code | accum_account_no |
| Assets | Number | asset_count |
The form
What is asked for when a record is created here. Required fields are marked; a choice drawn from a configuration list is one an administrator can extend without a release.
| Field | Type | Choices | Notes |
|---|---|---|---|
| Code required | Text | ||
| Name required | Text | ||
| Parent class | Choice | Looked up from existing records | |
| Category required | Choice | Configuration list | |
| Cost account | Choice | Looked up from existing records | |
| Accumulated depreciation account | Choice | Looked up from existing records | |
| Depreciation expense account | Choice | Looked up from existing records | |
| Disposal account | Choice | Looked up from existing records | |
| Gain on disposal account | Choice | Looked up from existing records | |
| Loss on disposal account | Choice | Looked up from existing records | |
| Impairment account | Choice | Looked up from existing records | |
| Revaluation reserve account | Choice | Looked up from existing records | |
| Default useful life (months) | Number | ||
| Default method | Choice | Configuration list | |
| Default salvage % | Number | ||
| Low-value threshold | Number | Below this an asset is written off in the year of purchase rather than capitalised. | |
| Capitalisation threshold | Number | ||
| Requires a location | Yes or no | ||
| Requires a custodian | Yes or no | ||
| Requires a serial number | Yes or no | ||
| Number prefix | Text | ||
| Active | Yes or no | ||
| Description | Long text |
The rules that apply here
Everything on this screen obeys the platform rules rather than rules of its own. The ones worth knowing before you use it:
- Narrowing a list — search, conditions, sort, totals, export and saved views.
- What may be changed — the five grounds a record may not be edited on.
- Companies and business units — what the switcher above this list is doing to it.
- Creating a record — required fields, where choices come from, and how the number is allocated.
- Importing a spreadsheet — this screen accepts one, and it runs through the same rules as typing.