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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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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When you purchase a company they will have assets already on their books and you will not have a Creditor Invoice to create the Asset Value
Asset Depreciation Fields
First setup on the Asset - all the fields required for Depreciation
Access to the create asset value wizard
Then a new button will appear
Use the wizard to enter the values required by the Journal
Then the Journal will be created
And can be found on the Asset later
