Table of Contents
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The user requires the Secure Feature "FixedAssetManagement" to use this functionality |
Setting up Fixed Asset Classifications
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Normally Asset Accounts and Depreciation Accounts are in the Assets - Fixed Assets section of your GL
The Asset must be owned by the Host Company
So each Asset that is to have a financial value must be linked to a Fixed Asset Class
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Setting up the Initial Value of the Asset
Asset value comes from Supplier Invoices that:
- Have a Tax code of CAP
- Have been linked to the Asset at the line level
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Note that the GL code for the Capital value lines will be forced to be the same as the Asset class linked to the Asset |
The Asset will have a link to the journal/s
And will have the values showing in the Purchased / Disposal section of the Asset General Details
Creating Depreciation Journals - a manual monthly end of month task.
First the asset must have
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If you want to you can delete the depreciation journal that latest was created and create it again.
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