Assets - Ledger Codes in Spider – PCSchool

Spider > Finance > Asset Management > Ledger Codes

1.	[Account]	Ledger code from Model Account
2.	[Name]	Name of Ledger code
3.	[Depreciation Type]	D = Diminishing Value - Depreciation % will be caluclated on the written down valve. S = Straight Line - Straight Line Value. Depreciation % will be calculated on the Purchase Price regardless of the written down value. Y = Write Off 1st Year - the asset is written off in the first year
4.	[Depreciation % ]	What is the depreciation rate %
5.	[Next Item No.]	this will default to the next available item no.
6.	[Depreciation Expense]	General Ledger code - preset to look at only expense codes
7.	[Depreciation (Bal Sheet)	General Ledger code - preset to look at only balance sheet codes
8.	[Profit/Loss (income)	General Ledger code - preset to look at only income codes
9.	[Profit/Loss (Bal Sheet)	General Ledger code - preset to look at only balance sheet codes
10.	[Sales (income)	General Ledger code - preset to look at only income codes
11.	[Sales (Balance Sheet]	General Ledger code - preset to look at only balance sheet codes
12.	[Edit] icon	This will put the information up in the top boxes so you can edit the ledger code details
13.	[Delete] icon	This will delete the ledger code for assets created.

You will need to have created a code to use under the Model account see manual:

1.	[Model Account]	Select from drop down you general ledger code or type in
2.	[Next Item No]
3.	[Depreciation %]	Type in your %
4.	[Depreciation Type]	Select the required depreciation Type
5.	[Depreciation - Expense]	Select the General Ledger code to use (only expense code)
6.	[Depreciation - Balance Sheet]	Select the General Ledger code to use (only balance sheet items available)
7.	[Profit/Loss on Sale - Income]	Select the General Ledger code to use (only income account available)
8.	[Profit/Loss on Sale - Balance Sheet]	Select the General Ledger code to use (on Balance sheet items available)
9.	[Proceeds from Sale - Income]	Select the General Ledger code to use (only income accounts available)
10.	[Proceeds from Sale - Balance Sheet]	Select the General Ledger code to use (on Balance sheet accounts available)
11.	[Save] or [Cancel]

Assets - Ledger Codes in Spider