Fixed Asset Account Setting and Transaction Entry

Below are guideline(s) of "Fixed Asset Account" setting and its Transaction Entry:

Step 1: Go to Chart of Account (COA) >> add fixed asset account under "B35" category as shown below.

1a. Create One detail account code with fixed asset type " Cost"
    -.fill Account code & Account Name
    - Account type choose "Detail Account"
    - Fixed Asset Type choose "cost"

1b. Create One detail account code with fixed asset type " Acc. Depn"
    -.fill Account code & Account Name
    - Account type choose "Detail Account"
    - Fixed Asset Type choose "Acc.Depn"

N/B: You may refer to the link below for guideline to add new account.

https://www.skybizglobal.com/ticket/knowledgebase.php?article=45&suggest=1

Step 2: Transaction Entry

   - In Ledger A/c choose 
   - one account under B35, eg "accum.depn - office Equipment"
   - one account under I22, eg "Depreciation"