Fixed Asset Category Master

1What is this master? #

• The master list of fixed-asset categories. Besides this page, the Fixed Asset Opening page's Category picker offers ＋ Create new category , which opens this master as an embedded dialog.
• Only available when the Fixed Assets module is licensed; one record is edited at a time.

2Step by step #

Categories classify fixed assets — Vehicles, Machinery, Computers — for registers and depreciation grouping.

1. Press Add (F3) , name the category, save with F5 .
2. Assets adopt it at registration; asset registers subtotal by it.

3Toolbar & keyboard #

• Find (F2) searches and loads an existing category; Add (F3) starts a new one; Modify (F4) edits the loaded one (all from View mode).
• Save (F5) , Cancel (Esc) and Delete each ask to confirm first — OK is focused, so Enter confirms.
• Enter moves field-to-field; the toolbar stays fixed while the form scrolls.

4Fields #

• Category Name * — required and must be unique (it is the table's key); a duplicate name is rejected.
• Description — optional notes.
• Is Vehicle — flags the category as a vehicle; turning it on enables the two weight fields, turning it off clears them.
• Empty / Loaded Weight — the vehicle's tare and laden weights, editable only while Is Vehicle is on; used by weighment features.
• Depreciation — the method (straight line, written down value, or not depreciated), the rate % a year or, for straight line, the useful life in months, and the residual value % an asset is never depreciated below. Every asset of the category follows these unless it has figures of its own on Fixed Assets Master. A category with no method is left out of every run.
• Ledgers — the ledger depreciation is debited to and the one it is credited to (both needed before a run can be posted), the ledger the asset's cost is in, and the profit and loss on disposal ledgers used by Asset Transfer and Disposal.
• Income-tax block and its rate — where the category's assets are pooled on the income-tax statement. Categories naming the same block must give the same rate.
• Short code in asset codes — what goes inside the code Asset Tagging gives its assets (VEH in FA-VEH-00012). One category each.
• These are the same figures Depreciation Setup and Asset Tagging show; a change in one place is seen in the other. They are saved with the category when Save (F5) is pressed, and need the Alter right on Fixed Assets Master.