Summary

  • 3 minutes

You can use posting groups to map fixed asset transactions to general ledger accounts. With fixed asset allocations, you can allocate an amount on a general journal line to several different accounts.

Additionally, you can enter the following G/L accounts for different types of expenses and costs that occur when you are posting transactions:

  • Acquisition Cost Account

  • Accum. Depreciation Account

  • Acq. Cost Acc. on Disposal

  • Accum. Depr. Acc. on Disposal

  • Gains Acc. on Disposal

  • Losses Acc. on Disposal

  • Maintenance Expense Account

  • Depreciation Expense Acc.