Account — Intangible assets, accumulated amortization

The Intangible Assets Accumulated Amortization account is a built-in account in Manager that tracks the accumulated amortization of your intangible assets. While this account is automatically added to your Chart of Accounts when you create at least one intangible asset, you can rename and configure it to suit your needs.

Accessing the Account Settings

To rename or modify the Intangible Assets Accumulated Amortization account:

1. Go to the Settings tab.
2. Click on Chart of Accounts.
3. Find the Intangible Assets Accumulated Amortization account.
4. Click the Edit button next to the account.

Account Fields

When editing the account, you'll have the following fields to configure:

Name

• Description: The name of the account as it will appear throughout Manager.
• Default: Intangible Assets Accumulated Amortization
• Note: You can rename this account to match your preferred terminology.

Code

• Description: An optional code for the account.
• Purpose: Useful for organizing and sorting accounts, especially in reports.

Group

• Description: Select the group under which this account will be presented on the Balance Sheet.
• Options: Choose from existing groups or create a new one to categorize your accounts appropriately.

Saving Changes

After making your desired changes:

• Click the Update button to save.

Important: This account cannot be deleted as it is essential for tracking the amortization of intangible assets.

Additional Information

To learn more about managing intangible assets within Manager, see the Intangible Assets guide.