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Fastbase Accounting System - Online Manual

Asset Types

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Entered Fri, 27 Jun 2003 15:32 by Peter Campbell
Updated Fri, 27 Jun 2003 15:47

Enter the type and description for each different asset type.

Common examples include Furniture and Fittings (FF), Motor Vehicles (MV), Office Equipment (OE).

Depreciation Method:
Depreciation Rate:
Enter the default depreciation method (Stright Line or Diminishing Value) and the depreciation rate for assets of this type.

When you load a new asset and specify the type, the depreciation details will default to what is entered here.

Control Accounts:
Enter the asset and depreciation control accounts for this product type. If any account is the same as the company default (as set in Utilities - Module: Fixed Assets) leave it blank.

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