PENTA Learning Center is an evolving tool. Additional content is added as soon as it is available.

Expense Categories

Owned by Nathan F. Welchlin [X] (Unlicensed)
Last updated: 06 21, 2022 by Claire Aleman

Overview:

Fixed Asset Categories serve as a means to capture Fixed Asset related cost transactions and direct them to the general ledger. Any cost transaction that would normally be linked to a Fixed Asset can be entered as a Fixed Asset Category. Using Fixed asset categories enables a suite of  Fixed Asset reporting options and allowes users to provide profitability reporting at an individual fixed asset level. 

Common Examples of Expense Categories include:

  • Fuel
  • Depreciation
  • Maintenance
  • Registration

Benefits:

  • Provide accurate records for the Fixed Asset module
  • Enables profitability reporting on an Asset by Asset basis
  • Used to fully leverage PENTA's Fixed Asset reporting

Roles:

  • Fixed Asset Manager
  • Fixed Asset Clerk
  • Accounting Manager
  • Accounting Clerk
  • Assistant Controller

Location:

  • Fixed Asset Management> Setup> Expense Categories  

Video:

Have feedback? Copy URL for this page and click here: https://www.surveymonkey.com/r/SBZKYY7

Confidential Proprietary Information - For Penta Customer Use Only
Penta Technologies continuously strives to improve customer content, therefore, information is subject to change at any time.