Setting up asset classes in an existing journal entry setup template

As a lease accountant, you can set up an asset class from a Journal Entry Setup template.

1. Go to Contracts > Contract Set Up > Templates > Contract Journal Entry Setup Templates and open a Journal Entry Setup Template.
2. In the Contract Journal Entry Setup Template, enable the check box against the Use Asset Specific GL Code field. The Asset Class Account Code section is now visible.
   Note: When a journal entry template is used to create a journal entry setup, the Use Asset Specific GL Code is checked on the journal entry setup along with the asset class with its corresponding debit account code and credit account code.
3. Click Save.
4. In the Asset Class Account Code section, click the Add action.
5. In the Asset Class GL Code Template, select an Asset Class. The asset class options are filtered by the Journal Entry Lease Type field on the Journal Entry Setup Template. See Creating a Lease Asset Class.
6. Click Find in the Debit Account section. In the pop-up form, select a General Ledger Code Template and click OK.
7. Click Find in the Credit Account section. In the pop-up form, select a General Ledger Code Template and click OK.
8. Click the Create action.
9. Repeat steps 4 to 8 to add more asset classes.
10. Click Save & Close.