The Fixed Assets tab stores default accounts that apply by Fiscal Year to Fixed Asset functionality. Sub account fields are always optional, even if the primary account is required by other system configuration.
The following table displays default accounts in alphabetical order.
Default |
Description |
Depreciation Expense Object Depreciation Expense Sub Object Depreciation Expense Override
|
The object used to book depreciation for estimated wear and tear on an asset with normal usage over time. |
Fixed Assets Due From BSA Fixed Assets Due From Sub BSA |
The asset account used for the internal seller of an asset where cash was not transferred in the sale. |
Fixed Assets Due To BSA Fixed Assets Due To Sub BSA |
The liability account used for the internal buyer of an asset where cash was not transferred in the sale. |
Fixed Asset Sale Revenue Fixed Asset Sale Sub Revenue Fixed Asset Sale Revenue Override |
The revenue source used to record the revenue equal to the selling price of a fixed asset that offsets the revenue recorded on the cash receipt recorded with the receipt of proceeds. |
Gain/Loss Object Gain/Loss Sub Object Gain/Loss Sub Object Override |
The object used when there is an external disposal or sale of a fixed asset that results in a gain or loss where the Acquisition/Disposition Method selected has the event defined as Expenditure. |
Gain/Loss Revenue Source Gain/Loss Sub Revenue Source Gain/Loss Revenue Source Override |
The revenue source used when there is an external disposal or sale of a fixed asset that results in a gain or loss where the Acquisition/Disposition Method selected has the event defined as Revenue. |
General Capital Assets (GCA) Fund General Capital Assets (GCA) Sub Fund |
The clearing fund used to record asset activity when the fund used on a fixed asset transaction accounting line is marked as a GCA Fund on the Fund reference page. |
Memo Contra BSA Memo Contra Sub BSA |
The contra asset account used as the offset when recording activity for a memo asset. Contrary to its name, the account must not be a memo balance sheet account. |
Misc. Internal Loss Object Misc. Internal Loss Sub Object |
The object used when recording a loss from the internal sale of a fixed asset that results in a gain or loss where the Acquisition/Disposition Method selected has the event defined as Expenditure. |
Misc. Internal Gain Revenue Source Misc. Internal Gain Sub Revenue Source |
The default revenue source to be used when recording a gain from the internal sale of a fixed asset that results in a gain or loss where the Acquisition/Disposition Method selected has the event defined as Revenue. |
Net Adjustment BSA Net Adjustment Sub BSA |
The equity account used to offset the fixed asset account when the Fixed Asset Classification is Adjustment. |