How To
Usage of Asset Class Nominals
CCH Fixed Asset Register
The Asset Classes are set up on the Set up screen. This topic describes the usage of the Asset Class nominals in more detail. The Asset Class nominal accounts have two functions:
- Trigger Accounts The nominal accounts that act as control accounts for the Fixed Asset Register. When postings are made to these accounts in CCH Accounts Production, the system asks "Analyse in Fixed Asset Register?" so that the posting can be broken down into its effects on individual assets. We call these accounts "trigger accounts" as they act as a trigger for the Fixed Asset Register to spring into action.
- Posting Account The nominal accounts that are used for automatic depreciation postings by the Fixed Asset Register.
Most nominal accounts act as either Trigger Accounts or Posting Accounts. The P/L on Disposals account acts as both. The different nominal accounts and their use are shown below.
| Nominal account | Trigger Account (Yes/No) | Posting Accounts (Yes/No) |
| Cost B/Fwd | Yes. Taking on an asset balance and its depreciation | No |
| Additions | Yes. Purchasing a new asset, or adding cost to an existing asset | No |
| Revaluation | Yes. Revaluing an existing asset. | No |
| Cost of disposals | No | Yes. Cost eliminated on the disposal of an asset. |
| Depreciation B/Fwd | Yes. Same as Cost B/Fwd | No |
| Depreciation charge (B/Sheet) | No | Yes. The depreciation charged in the year. |
| Depreciation on revaluation | No | Yes. The depreciation to date eliminated as a result of a revaluation. |
| Depreciation on disposals | No | Yes. The depreciation eliminated on disposal. |
| Revaluation reserve | No | Yes. The depreciation to date eliminated as a result of a revaluation. |
| Depreciation charge (P/L) | No | Yes. The depreciation charged in the year. |
| P/L on disposals | Yes. Posting the disposal proceeds on an asset sale | Yes. The cost and depreciation eliminated on disposal |
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Part Disposals
Changing Entity Type
Changing Entity Type
Asset Movement
The document outlines the functionality of the Asset Movement screen, detailing how asset transactions are recorded in the Fixed Asset Register, independent of CCH Accounts Production. It describes five types of movements: Cost B/Fwd, Addition, Adjustment, Revaluation, and Disposal, each with specific criteria and purposes. The document also covers the protocol for asset movement dates, especially concerning finalized periods, and discusses the Change of Method movement for altering depreciation methods. Additionally, it includes guidelines on how movements affect nominal accounts and the conditions under which movement deletion is permissible.
Asset Classes
The Asset class section is used to define the ledger accounts which must be used for the posting of the asset transactions and the method of depreciation.
Master Asset Classes: Fixed Asset Register
The document outlines the functionality of Master Asset Classes within the Fixed Asset Register's Set Up screen in CCH Accounts Production. These classes provide default settings for client-level Asset Classes and are integral to the CCH chart of accounts versioning system. While Master Asset Classes cannot typically be edited, users can modify them when creating a new Practice Master Pack. Access to Master Asset Classes is through the Set Up screen or the menu path: File > Maintenance > Accounts > Master Asset Classes.