Fixed Assets Classification Codes

Before you set up your fixed asset cards, you should consider how to classify them. The following classification codes can be used:

FA Class Code

You can use this code for main groupings of fixed assets, for example, tangible and intangible assets.
FA Subclass Code

You can use this code to group your assets within the main categories, for example, buildings, vehicles, furniture and machinery.
FA Location Code

You can use this code to register the location of the fixed asset, for example, sales department, reception, administration, production and warehouse. This information is useful for insurance and inventory purposes.