Adding a fixed asset to the ASSET type key list

Once a new fixed asset type has been created, you need to add the asset type to the ASSET_TYPE keylist. Keylists identify the options available for selection during various processes and also define how depreciation is calculated.

There are five key lists used for assets and depreciation:

1. If you have added a new asset type, you need to add this to the ASSET_TYPE key list. Select Masters > Key Lists then highlight the ASSET_TYPE key list.

   
   
   Do not use the Add or Delete buttons as these add/delete key lists, rather than entries.

2. The right-hand panel will display the same four default asset types defined in the Asset Type ledger. If you have added further asset types as described in the previous section, right-click in the white area then select Insert from the pop-up menu.
   

3. Enter the code used for the new asset type in the Code field e.g. ITEQUIP48.

   The asset type code and the key list code must match exactly (and are case sensitive).

4. Enter the disposals nominal in the Text field, in this example 9010 then click the Apply button.