Class Setup

Overview of FA02

Class Setup enables you to specify how transactions involving a certain type of fixed asset will affect the general ledger. Once fixed-asset classes have been set up here, you will be able to select from these when entering a new fixed asset. Each class includes a means of selecting the G/L accounts to be affected by fixed-asset transactions such as acquisition, depreciation, and disposal. Every transaction category may not necessarily have a G/L account specified, and therefore may not be applicable for a given fixed-asset class.

• From the DDI Connect main menu, double-click Fixed Assets
• Double-click Setup
• Double-click Class Setup. You will see this screen:

Adding a New Class

To add a new class, click the Add button on the toolbar. The fields will activate for editing:

The following fields are available on this screen:

Field	Description
Class code	Example
Description	Example
Life (Years and Months)	Example
Example	Example
Example	Example
Example	Example