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: