Additional to the classes’ categorisation, iX ERP gives you deeper levels by adding assets categories.
Category Name: Name of your assets category
Item Tax Type: Select tax type
Units of Measure: Select UOM
Exclude from purchases: Check if this item is excluded from purchases
GL Accounts:
You can create these accounts in the Chart of Accounts if it does not already exist.
Sales Account: Select sales GL account
Asset account: Select Asset GL account
Depreciation cost account: Select Depreciation cost account
Depreciation/Disposal account: Select Depreciation/Disposal GL account
Dimensions: Select Dimension if you use them, otherwise ignore it
Examples of fixed asset categories:-
- Buildings
- Computer equipment
- Computer software
- Furniture and fixtures
- Intangible assets
- Land
- Leasehold improvements
- Machinery
- Vehicles
