Adding Asset Categories

Before you create assets, you'll need to create asset categories, which you'll add assets to for tracking and accounting purposes.

To add asset categories:

1. Navigate to Maintenance > Capital > Asset Setup and click the Asset Categories tab.

2. Click the Add button on the Asset Categories page.

3. For Asset Category Code, enter a code for the asset category that correlates with your company's current practices.

4. For Asset Category Name, enter a name for the asset category that is descriptive and easy to identify.

5. For Asset Life (in Months), enter the average life of the asset category. For example if you have a category called Office Furniture and, in general, office furniture lasts for 5 years, then you'll enter 60.