What is a classification?
A classification is a category used to group similar assets, such as buildings, vehicles, equipment, land, or infrastructure.
Classifications help organize assets for reporting, depreciation, tracking, and financial management.
Is the classification correct?
-
The asset classification is correct. Continue to the next step.
-
I need to change the asset classification. Use the Classification field to select a different asset classification.
-
Help me find a classification. Use the Classification menu to select Search.
-
Help me add a new classification. Use the Classification menu to select Add New.
Related Articles
What is a classification?
A classification is a category used to organize assets with similar characteristics, such as buildings, vehicles, equipment, land, or infrastructure. Classifications help determine how assets are grouped, reported, depreciated, and managed in Caselle ...
How do I change the business classification?
The classification field is a self-validating field, which means you can add new classifications to the classifications list. Changing the business classification 1. Open Connect Business Tax Collection > Businesses > Modify Existing Businesses. 2. ...
How do I delete a classification?
Are there any transactions that have been created using this classification? If so the Classification field cannot be deleted. Do this... 1. Open Connect Asset Management > Organization > Classifications. 2. Enter a classification name in the Lookup ...
How do I add a classification?
A classification sorts assets into groups based on other assets that have similar characteristics. Common examples of classifications include Land, Buildings, and Equipment. Every asset is tied to a classification and a department. Note: A ...
How do I change the department's GL accounts?
The Department record also stores the department's default GL accounts. These accounts will be displayed in their respective fields. You can type in a different account number if you do not want to use the default accounts. Add GL accounts to each ...