Setting up fixed asset GL accounts

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This section is applicable if the Use default type of accounting is selected in Settings > Company.

You can set up GL accounts for recording fixed asset cost and depreciation. To do this:

1. Go to Company.
2. Under Fixed assets, click Fixed assets.
3. In the Fixed assets catalog, double-click a fixed asset line.
4. In the link bar of the fixed asset card, click GL accounts.
5. Review the default GL accounts and change them if needed:
   • GL account. A GL account for fixed asset accounting. A fixed asset initial cost is recorded to this account.
   • Depreciation account. A GL account for recording depreciation charges for a fixed asset.
6. In the link bar, click Main.
7. Click Save and close.

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