Fixed Assets Written Down Transaction

bteredesai

Hello,

If I want to write down a fixed assets I should have mapped Write-Down Account and Write-Down Expenses Account in FA Posting Groups setup.

In prinicpal which account I should map against the Write-Down Account. Whether it will be a Balance Sheet or Income Statement account?

Thanks!
Bhushan

vanrofi

Better check this with your financial dept./consultant.

Anyway, It should be a balancing account in that field...If you check the other fields in the setup, there is a seperate field for the Expense account for Write down, where you can fill in your Cost account.

Succes!