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Modify Fixed Assets organization settings

Update Fixed Assets settings when thresholds, subaccounts, or posting behavior need to change, resulting in a configuration that matches your accounting policy.

Workflow

Step 1

Select Fixed Assets on the side menu

Use the highlighted control to continue through the workflow.

Step 2

Select Truewind Demo…

Use the highlighted control to continue through the workflow.

Step 3

Select Setting tab

Use the highlighted control to continue through the workflow.

Step 4

Select Fixed Assets Threshold…

Use the highlighted control to continue through the workflow.

Step 5

Review the Fixed Assets threshold

Use the highlighted control to continue through the workflow.

Step 6

Save settings

Use the highlighted control to continue through the workflow.

Step 7

Review Fixed Assets subaccount defaults

Use the highlighted control to continue through the workflow.

Step 8

Select Straight Line

Use the highlighted control to continue through the workflow.

Step 9

Select Straight Line

Use the highlighted control to continue through the workflow.

Step 10

Choose Depreciation Expense Account

Choose the option that matches the account, period, or schedule you are working with.

Step 11

Select Small tools and equipment…

Use the highlighted control to continue through the workflow.

Step 12

Choose Accumulated Depreciation Account

Choose the option that matches the account, period, or schedule you are working with.

Step 13

Select AD ~ Test Account…

Use the highlighted control to continue through the workflow.

Step 14

Enter Useful Life

Enter the required values carefully so the schedule and journal-entry details calculate correctly.

Step 15

Save settings

Use the highlighted control to continue through the workflow.

Step 16

Select Fixed Assets Threshold…

Use the highlighted control to continue through the workflow.

Step 17

Review the journal entry

Review the posting details and continue only when the journal-entry information is correct.

Step 18

Check Enabled

Use the highlighted control to continue through the workflow.

Settings to review

Confirm the threshold, depreciation defaults, useful life, and auto-posting behavior before month-end Fixed Asset work begins.

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