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Fixed Asset Account Type

When account numbers are assigned Fixed Asset Account Types, personnel using the Fixed Assets module are able to find specific accounts easily.

You must have a valid license to use the Fixed Assets module of the Business Office in order for this drop-down list to appear on your screen.

A - Asset -

  • (N) Not an FX Account - Default

  • (F) Fixed Asset

  • (A) Accumulated Depreciation

  • (C) Cash or AR

  • (D) Debt

E - Expense -

  • (N) Not an FX Account - Default

  • (E) Depreciation Expense

  • (G) Gain or Loss

F - Fund Balance -

  • (N) Not an FX Account

I - Income -

  • (N) Not an FX Account - Default

  • (G) Gain or Loss

L - Liability -

  • (N) Not an FX Account - Default

  • (A) Accumulated Depreciation

  • (D) Debt

M - Not Active ( Balance Sheet) -

  • (N) Not an FX Account - Default

  • (F) Fixed Asset

  • (A) Accumulated Depreciation

  • (C) Cash or AR

  • (D) Debt

X - Auxiliary -

  • (N) Not an FX Account - Default

  • (E) Depreciation Expense

  • (G) Gain or Loss

  • (F) Fixed Asset

  • (A) Accumulated Depreciation

  • (C) Cash or AR

  • (D) Debt

N - Not Active (Income/Expense) -

  • (N) Not an FX Account - Default

  • (E) Depreciation Expense

  • (G) Gain or Loss