Page 28 - Participant Guide ebook - Unanet GovCon Using General Ledger

Activity 4.1 Fixed Asset Setup – Classes
Login as Gloria Gladmin (GL Admin) – ggladmin / welcome

Activity Steps:
1. Navigate: Financials > Fixed Assets > Setup > Classes + Add Class

2. ADD NEW CLASS with the following:

• Name Machinery
• Status Active
• Useful Life (months) 36
• Fixed Asset (account) 10.06.08 - Machinery
• Fixed Asset Depreciation Expense 80.03.02 - Depreciation Expense
• Fixed Asset Accumulated Depreciation 10.06.18 - Accumulated
Depreciation - Machinery
• Fixed Asset Gain/Loss on Disposal 95.01.03 - Other Income

3. Click Save and review the results to confirm the new Fixed Asset Class is
included in the list

LESSON 4 FIXED ASSETS
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