Difference between revisions of "Class Setup"
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{| class="wikitable" | {| class="wikitable" | ||
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− | ! | + | ! '''Field''' !! '''Description''' |
|- | |- | ||
− | | | + | | '''Class code''' || Enter the class code that you wish to use for the new class |
|- | |- | ||
− | | | + | | '''Description''' || Brief, alphanumeric description of the class code |
|- | |- | ||
− | | | + | | '''Life (Years and Months)''' || Enter the life span of the asset in years and/or months |
|- | |- | ||
− | | | + | | '''Property type''' || Enter the property type code or click the list icon to select from a list of [[Property Types|active property types]] in the system |
|- | |- | ||
− | | | + | | '''Depreciation method''' || Enter the depreciation method code or click the list icon to select from a list of [[Depreciation Methods|active depreciation methods]] in the system |
|- | |- | ||
− | | | + | | '''GL Accounts''' || Enter the GL accounts that are affected by the various fixed asset activity. You can type the applicable GL number or click the list icon to select from a list of [[Chart of Accounts Setup|active GL numbers]] in the system |
|} | |} | ||
+ | |||
+ | |||
+ | When you have finished entering the information, click Save to retain your changes. | ||
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+ | To copy an existing class to a new class, click on the class once to highlight and then click the Copy button on the toolbar. Your screen will look like this: | ||
+ | |||
+ | |||
+ | [[File:Class Setup 3.png]] | ||
+ | Make the needed changes for the new class, and click Save when you are done. | ||
[[Category:Fixed Assets]] | [[Category:Fixed Assets]] |
Latest revision as of 19:25, 24 August 2012
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 | Enter the class code that you wish to use for the new class |
Description | Brief, alphanumeric description of the class code |
Life (Years and Months) | Enter the life span of the asset in years and/or months |
Property type | Enter the property type code or click the list icon to select from a list of active property types in the system |
Depreciation method | Enter the depreciation method code or click the list icon to select from a list of active depreciation methods in the system |
GL Accounts | Enter the GL accounts that are affected by the various fixed asset activity. You can type the applicable GL number or click the list icon to select from a list of active GL numbers in the system |
When you have finished entering the information, click Save to retain your changes.
Copying an Existing Class
To copy an existing class to a new class, click on the class once to highlight and then click the Copy button on the toolbar. Your screen will look like this:
Make the needed changes for the new class, and click Save when you are done.