Categories and depreciation rules

Create the categories — buildings, IT equipment, vehicles, furniture — and for each, per book, set the default depreciation method, life, prorate convention and accounts. Show straight-line and declining-balance side by side with the resulting schedules. Set different defaults in the tax book for the same category. And show the category-level account overrides. Category defaults are what make asset creation fast. Get them right and users type almost nothing; get them wrong and every asset is a small argument. Life and method come from the client's accounting policy and their tax adviser. Not from you. The same rule as tax, and it is the same conversation with the same person. And show the actual depreciation schedule for one asset under both methods. That is the moment the abstraction becomes concrete, and it is worth the screen time.

In this module: Module 11 · Fixed Assets

1. 1The asset model
2. 2The three flexfields
3. 3Asset books
4. 4Categories and depreciation rules
5. 5Adding assets manually
6. 6Mass additions from PayablesFree preview
7. 7Adjustments, transfers, retirements
8. 8Depreciation, close and what breaks
9. 9Lab: assets end to end