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FA Item Category Configuration

FA Item Category is used to manage categories for fixed asset items. This configuration determines the accounts used for financial transactions related to fixed assets.

What is an FA Item Category?​

An FA (Fixed Asset) Item Category groups fixed asset items and defines the accounts for recording asset transactions, such as acquisition, depreciation, cost, expense, sales, and loss.

How to Add a New FA Item Category​

  1. Go to Tools > Configurations > Inventory & Assets > FA Item Category.
  2. Click the Insert button to add a new FA item category.
  3. Fill in the FA Item Category Information:
    • Code: Enter the item category code.
    • Intangible: Check this if the item is intangible.
    • Name: Enter the item category name.
    • FA Account: Select the fixed asset journal account for balance sheet recording.
    • COGS Account: Select the cost/HPP journal account for costing or sales.
    • Expense Account: Select the expense journal account for usage or supporting expenses.
    • Sell Account: Select the sales journal account for direct sales.
    • Depreciation Account: Select the depreciation account for asset depreciation.
    • Spoil Account: Select the spoilage/loss journal account for loss or damage.
  4. Click Save to save, or Close to cancel.

How to Update an FA Item Category​

  1. Go to Tools > Configurations > Inventory & Assets > FA Item Category.
  2. Select the FA item category to update and click the Update icon.
  3. Edit the fields as needed.
  4. Click Save to save changes, or Close to cancel.

How to Delete an FA Item Category​

  1. Go to Tools > Configurations > Inventory & Assets > FA Item Category.
  2. Select the FA item category to delete and click the Delete button.
  3. Confirm the deletion when prompted.
  4. Click Yes to delete, or No to cancel.