Set Up an Intangible Assets Account
The intangible assets accounting feature allows you to post intangible assets to a special account called the Intangible Assets account. Intangible assets are non-monetary assets that cannot be physically measured. You can also include current expenses by using monthly depreciation.
The procedure for posting an intangible asset account is similar to the procedure used to post a fixed asset account.
To set up an intangible asset account
- Choose the
icon, enter Fixed Assets, and then choose the related link. - Open the card for a fixed asset.
- In the Fixed Asset Card window, select Intangible Asset in the FA Type field.
- Purchase and release the intangible asset. For more information, see Purchase and Release Undepreciable Fixed Assets.