Step 13 - Define Your Asset Category Flexfield (Required)

The asset category flexfield allows you to define asset categories and subcategories. For example, you can create an asset category for your computer equipment. You can then create subcategories for personal computers, terminals, printers, and software. 

You must assign the major category segment qualifier to one segment of your category flexfield. The major category segment facilitates capital budgeting. All other segments are optional. You use the same setup windows to create your asset category flexfield as you do for your other key flexfields.