Changing Asset Defaults

It is wise to properly configure the asset folder defaults before entering new assets. If you are not familiar with editing defaults [Main] Standard Features > Editing Defaults, Filtering Down Data and Globally Editing Data. It is recommended that each folder is highlighted and the following steps are performed for each folder.

Setting Defaults

To set asset defaults, go to Financials > Depreciation > Options > Asset Folders tab as shown below:

Select a sub-folder, click the Edit Defaults button and the following window will appear:

The only default values to set within Deprecation are the General Ledger accounts located in the Advanced tab as shown above. Set the appropriate accounts for each setting. All depreciation accounts must be properly classified to be set within this window. See the Financials > Chart of Accounts > Account Classification section of the EBMS manual for more details on classifications.

Click on the Change Department button to change the default department. This function will change the existing G/L account extension to a new department for each general ledger account that contains the new department as its extension.

Click OK to save defaults.