Table of Contents
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The user requires the Secure Feature "FixedAssetManagement" to use this functionality |
Setting up the GL Control Accounts
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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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Low value Pool Asset ClassThe low value pool has special depreciation calculations.
Each Asset will have its value tracked individually and be visible in the Asset Dashboard like any other Asset. Once you have setup the Low Value Pool nominate it in the GL Control Accounts |
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Supplier invoice to purchase 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 - choose link type "Asset" and enter the Asset code to create the link
Create the Financial Asset Book Value
Once all the Creditor invoices you want to have included in the initial asset value have been linked to the asset - you can create the Asset Financial Value.
The Current book value is found on the Asset Screen
Creating Depreciation Journals - a manual monthly end of month task.
First the asset must have
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