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This text refers to program version 2024-01-27  

Asset N/L Classes

This page introduces the Asset N/L Classes setting in the Assets module. Asset N/L Classes are also known as "Asset Classes" and "N/L Classes".

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The Asset N/L Classes setting is where you should specify how depreciation and other accounting events involving Assets will be accounted for in the Nominal Ledger. In each Asset Class, you can specify the Accounts that will be used for each posting and the Tags/Objects that will be assigned to those postings. This will be in addition to any Tags/Objects that you have specified in the individual Asset records.

To open the Asset N/L Classes setting, first ensure you are in the Assets module. Then, if you are using Windows or macOS, click the [Settings] button in the Navigation Centre and then double-click 'Asset N/L Classes' in the 'Settings' list. If you are using iOS or Android, select 'Settings' from the Tools menu (with 'wrench' icon) and tap 'Asset N/L Classes' in the 'Settings' list. The following window will appear:

If you are using Windows or macOS, you can add a new Asset Class by clicking in the Code field in the first blank line. To remove an Asset Class, click on the row number on the left of the row and press the Backspace key. To insert a new row, click on the row number and press the Return key. If you are using iOS or Android, you can add rows by tapping the + button below the matrix. To remove a row, long tap on the row number on the left of the row and select 'Delete Row' from the resulting menu. To insert a row, long tap on the row number where the insertion is to be made and select 'Insert Row' from the resulting menu.

Fill in the fields as described below and, when finished, click the [Save] button (Windows/macOS) or tap √ (iOS/Android) to save the changes and close the window. To close the window without saving changes, click the close box (Windows/macOS) or tap < (iOS/Android).

The Account N/L Classes setting is spread over four flips. To view specific flips, click (Windows/macOS) or tap (iOS/Android) one of the four flip tabs (marked A-D) on the right of (Windows/macOS) or under (iOS/Android) the matrix:

Please follow the links below for details about each part of the setting:
  • Flip A - includes Code, Comment, Tags/Objects and Asset Account fields

  • Flip B - includes Depreciation Account fields

  • Flip C - includes Cost Account fields
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