How to Create GL Accounts for Fixed Asset

Created by Jaime William N. Alzaga, last modified on 10-10-2022

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1. General Ledger > Set up > Segments Account "Should open Segment Account screen" screen

2. Select Segment Name

Primary Account

3. Click Insert button

Add the following:

Code	Description	Chart Desc	Account Group	Account Category	Type
16001	Asset Account	Asset Account	Asset	Fixed Assets	Asset
16002	Accumulated Account	Accumulated Account	Asset	Accumulated Depreciation	Asset
20002	Offset Account	Offset Account	Liability	General	Liability
40001	G/L Account	G/L Account	Revenue	Fixed Asset Gain or Loss	Revenue
50004	FA Gain/Loss	FA Gain/Loss	Expense	Depreciation Expense	Expense

4. Click Save button

5. Click Build button "Should open Build Account" screen

Filter the Primary Codes

6. Select Segment Codes

LOB = 000
Location = 0000

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