Steps

  1. Open Accounting → Fixed Assets and Asset setup with accounting setup access.

  2. Enter Category name, choose the depreciation method and its useful life or annual rate, and set Active category.

  3. Expand Ledger account mappings and verify each required mapping points to an active account appropriate to its role.

  4. Choose Create category. For an existing category use its edit action and Save category defaults; these defaults apply to new assets, not an unreviewed rewrite of existing asset policies.