Create an asset class /visma-net-erp/help/fixed-assets/manage-fixed-assets/fixed-asset-classes/create-an-asset-class section 2026-02-19T17:09:06+01:00 # Create an asset class 1. Go to the [Fixed asset classes (FA201000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-asset-classes-fa201000/) window. 1. Click ![icon-add](/media/visma-net-erp/icon-add.png). 1. In the **Asset class ID** field, type the unique identifier for the asset class. 1. Optional: Select the parent class for the asset class you want to add. 1. In the **Description** field, briefly describe the class. 1. If you want to make the class available when users add assets, select the **Active** check box. 1. If you want to give the new assets of the class the **On hold** status, select the **Hold on entry** check box. 1. On the **General settings** tab, perform the following steps: 1. In the **Asset type** field, select the asset type of the assets of the class. 1. If the class is to be associated with tangible assets, the **Tangible** check box will be selected by the system automatically. Otherwise, it will be cleared. 1. In the **Useful life, years** field, specify the useful life of assets of the class in years. 1. To use accelerated depreciation for the assets of the class, select the **Accelerated depreciation for Straight line deprec. method and Dutch method 2** check box. This setting will be applied to all the books of the class that use the straight line depreciation method. 1. On the **Depreciation settings** tab, define the list of books available for the assets and the depreciation settings for those books. Do one of the following: + For every book that may be associated with the assets of the class, perform these steps: 1. In the **Useful life, years** column, specify the useful life of the assets of the class in years for the selected book. 1. In the **Class method** column, select the depreciation method to be used to report asset depreciation in the selected book. 1. In the **Averaging conversion** column, specify the averaging conversion for the selected depreciation method. 1. If the assets of the class are to have a bonus, select the **Bonus** check box. + For every book that should not be available for the assets of the class, perform these steps: 1. Select the book in the table. 1. Click **Delete row**. 1. On the **General ledger accounts** tab, specify the default general ledger accounts and subaccounts to be used to record transactions of the assets of the class. 1. Click ![icon-save](/media/visma-net-erp/icon-save.png). > [!CAUTION] > You can later delete the asset class only if no assets have been associated with it.

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