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.
Defining FA Class Codes
Defining FA Subclass Codes
Defining FA Location Codes
Fixed Assets Setup
Transferring Fixed Assets to Different Locations
Using Allocation Keys when Posting