Step 11: Manage Accumulated Depreciation Account Codes

Set up accumulated depreciation account codes on the Manage Accumulated Depreciation Account Codes screen if you plan to enter data for depreciable assets.

Each code represents an Account-Organization-Project-Reference1-Reference2 combination to which the offset to depreciation expense will be posted for depreciable assets.

The Code field in the Accumulated Depreciation Account group box is a system-required validated entry on the Acct Info tab of the Manage Asset Master Information and Manage Asset Template Information screens (or the Accum Depr Acct Code field on the Manage Asset Account Information screen) for depreciable assets. The only data from which to choose for entry in the Asset Master and the Asset Template Code fields are validated accumulated depreciation account codes from the Manage Accumulated Depreciation Account Codes screen.