please consider the inclusion of one more level for
Fixed assets ,
Fixed assets, accumulated depreciation and
Fixed assets - depreciation accounts. This feature will enable users to group their fixed assets properly.
Fixed assets will be the main account and then in it, various sub accounts and in these various sub accounts the fixed assets items. so we can have Furniture and Fittings sub account, Vehicles sub account, Plant and Machinery sub account, Computer and Office sub accounts etc
During the creation of the items we will select which sub account under
Fixed assets the item falls under.
Fixed assets account can only show one level, i.e right after clicking on it the fixed asset items are lined up. The user will create the groups of their choice, or for a start you may add default groups.
I don’t think it will be necessary for
Intangible assets since most companies have a small number of Intangible asset to account for