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Adding Asset Categories
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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:
Navigate to Maintenance > Capital > Asset Setup and click the Asset Categories tab.
Click the Add button on the Asset Categories page.
For Asset Category Code, enter a code for the asset category that correlates with your company's current practices.
For Asset Category Name, enter a name for the asset category that is descriptive and easy to identify.
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.