Fixed Asset Setup
Administration → Setup → Finance → Fixed Assets
Accounts are defined asset-class-wise.
| Type of Account | FA-MACH Plant & Machinery | FA-MOULD Moulds & Dies | |
|---|---|---|---|
| Asset Balance Sheet Account | 1700 — Plant & Machinery at Cost | 1700 | |
| Ordinary Depreciation | 6200 — Machine Depreciation & Usage | 5300 — COGS Machine / Overhead | |
| Accumulated Ordinary Depr. | 1750 — Provision for Depreciation | 1750 | |
| Revaluation Reserve | 3200 — Revaluation Reserve | 3200 | |
| Retirement with Expense (Net) | 8200 — Other — Loss on Disposal | 8200 | |
| Retirement with Revenue (Net) | 8100 — Other Income — Gain on Disposal | 8100 |