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Fixed Assets How to have Different expense accounts?

edited May 2, 2023 7:07PM in Ask A Guru 6 comments

Hi everyone,

We are planning to implement the FAM module, but we have a business case where we have have 1 asset account GL1000 for all furniture. But depending on which department the purchase is booked to (ie: Operating Exp dept OR Cost of Goods Sold dept), depreciation should hit the corresponding expense account.

Is this possible to configure in FAM while only using 1 Asset account?

Asset Type: Furniture

Asset Acct: 1000

A/D Acct: 1400

Expense Account: 6000 (OpEx Depts) OR 5000 (COGS Depts)

Thanks for your help!

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