Asset Master

The Asset Master lists all the categories of assets that have been taken on lease and the GL accounts relevant to them.

For example, for the asset type Property, there would be GL accounts for: - Depreciation - Interest cost - Lease liability - Right-of-Use (ROU) asset

In case the ERP does not have separate GL codes per asset, the same GL code can be repeated across assets.

⚠️ Note: There is no duplicate check built in for the GL codes. For example, the GL code for lease liability in the ERP may be the same for all assets.

When creating a new asset: - 19 GL codes must be entered. - If not all are applicable (e.g., Low value lease GL may not apply to Property but might to Vehicles), any default value can be entered. - However, it is mandatory to fill in all GL codes while creating an asset.