Before you can use the Fixed Assets application area, you must enter certain basic information.
Below is a list of the types of information you must enter.
Set up FA posting groups and allocation key. Set up journal templates.
- Basic Depreciation Information
Create depreciation books, and define various depreciation rules, integration with the general ledger and information that allows duplication of entries in several depreciation books. Define a default journal setup for each depreciation book.
- Basic General Information
Set up general information that is not related to a depreciation book.
- Fixed Assets
Define FA classes, FA subclasses, FA locations, and set up fixed asset cards. Define the method of depreciation for each fixed asset.
If you wish to define main assets and components, you must set up components lists.
Define types of maintenance, and fill in information about maintenance on the fixed asset cards.
Define insurance types, and set up insurance cards.