Here you are able to manage your Fixed Assets account.
Create Fixed Assets account:
- Go to the Account module in the left sidebar
- Click on Create Account button or press the Alt+N key
- Select Fixed Asset ledger on the Under group ledger drop-down list
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Field information for Fixed Assets ledger:
| Field | Description | Note |
|---|---|---|
| Under group | Here select the Fixed Assets account. | |
| Account Name | Here write your account name. | Mandatory field |
| Short/Alias Name | Here write your account short name | |
| Description | Here write your account description | |
| HSN/SAC | Here write HSN/SAC code for your account. | |
| GST rate(%) | Here select the GST rate for your account. | |
| Nature of transaction | Here select the nature of the transaction for your account. | |
| Opening Balance | Here put your account opening balance. | |
| Is Active? | Here if you select “Yes” then this account is shown in all modules and if you select “No” then this account is not shown in all modules. |
