Fixed Asset Table

Contains information about each fixed asset, such as description, serial number, fixed asset class, and location. Each fixed asset must also have a number for identification purposes. When you enter the number in the various No. fields elsewhere in the system (on a purchase invoice, for example), the program will automatically use the information associated with the number.

An asset can be made up of several assets. After setting up cards for all of the fixed assets, you can link the main asset and it's components together.

You must link one or more depreciation book(s) to each fixed asset. The depreciation books allow you to define the depreciation methods and related conditions to be used when calculating depreciation.

You can also integrate fixed asset posting with the general ledger through the use of depreciation books.

If you integrate posting related to fixed assets, for example, purchases, depreciation and disposal of fixed assets, with the general ledger, then you must set up links to the necessary accounts in the general ledger. This is done through FA posting groups.

After you have set up the posting groups, you can enter them in the depreciation books that are linked to the fixed asset cards; in order to tell the program how to post acquisitions, appreciation, write-downs, depreciation and disposal of fixed assets in the general ledger.

If fixed assets are not integrated with the general ledger, posting of acquisition cost, depreciation and so on will be contained only within the fixed assets application area.

The program can display fixed assets in two different windows:

  • The Fixed Asset Card window has a card for each fixed asset that contains all the fields that have been selected. You can therefore see many fields for each fixed asset.

  • TheFixed Asset List window displays all the fixed assets, with a line for each. Therefore, fewer fields are displayed for each fixed asset.

All fixed assets must be set up in this table.

List of Fields in the Table

Field Location
FA Posting Date Filter Field, Fixed Asset Table Fixed Assets
FA Class Code Field, Fixed Asset Table Fixed Assets
Last Date Modified Field, Fixed Asset Table Fixed Assets
FA Posting Group Field, Fixed Asset Table Fixed Assets
Budgeted Asset Field, Fixed Asset Table Fixed Assets
Search Description Field, Fixed Asset Table Fixed Assets
Under Maintenance Field, Fixed Asset Table Fixed Assets
Gen. Prod. Posting Group Field, Fixed Asset Table Service Tax
Responsible Employee Field, Fixed Asset Table Fixed Assets
Global Dimension 2 Code Field, Fixed Asset Table Fixed Assets
Component of Main Asset Field, Fixed Asset Table Fixed Assets
Tax Group Code Field, Fixed Asset Table Service Tax
Comment Field, Fixed Asset Table Fixed Assets
Vendor No. Field, Fixed Asset Table Fixed Assets
No. Series Field, Fixed Asset Table Fixed Assets
Global Dimension 1 Code Field, Fixed Asset Table Fixed Assets
Serial No. Field, Fixed Asset Table Fixed Assets
Next Service Date Field, Fixed Asset Table Fixed Assets
FA Subclass Code Field, Fixed Asset Table Fixed Assets
FA Location Code Field, Fixed Asset Table Fixed Assets
Insured Field, Fixed Asset Table Fixed Assets
Inactive Field, Fixed Asset Table Fixed Assets
Main Asset/Component Field, Fixed Asset Table Fixed Assets
Picture Field, Fixed Asset Table Fixed Assets
Location Code Field, Fixed Asset Table Fixed Assets
Blocked Field, Fixed Asset Table Fixed Assets
Description Field, Fixed Asset Table Fixed Assets
Maintenance Vendor No. Field, Fixed Asset Table Fixed Assets
VAT Product Posting Group Field, Fixed Asset Table Income Tax
Warranty Date Field, Fixed Asset Table Fixed Assets
Description 2 Field, Fixed Asset Table Fixed Assets
No. Field, Fixed Asset Table Fixed Assets
Professional Tax Field, Fixed Asset Table France Local Functionality
Acquisition Year Field, Fixed Asset Table Italian Local Functionality Tables, Reports, Batch Jobs, and Windows
Source FA No. Field, Fixed Asset Table Italian Local Functionality Tables, Reports, Batch Jobs, and Windows
Excise Prod. Posting Group Field, Fixed Asset Table Excise
Excise Accounting Type Field, Fixed Asset Table Excise
Add. Depr. Applicable Field, Fixed Asset Table India Local Functionality
FA Block Code Field, Fixed Asset Table India Local Functionality
VAT Product Posting Group Field, Fixed Asset Table India Income Tax
Acquisition Year Field, Fixed Asset Table Italy Local Functionality
Source FA No. Field, Fixed Asset Table Italy Local Functionality
Excise Prod. Posting Group Field, Fixed Asset Table India Excise
Excise Accounting Type Field, Fixed Asset Table India Excise
Add. Depr. Applicable Field, Fixed Asset Table India Local Functionality
FA Block Code Field, Fixed Asset Table India Local Functionality
WHT Product Posting Group Field, Fixed Asset Table New Zealand Local Functionality
Prem Depr. % Field, Fixed Asset Table Switzerland Local Functionality
Prem. Depr. Amount Field, Fixed Asset Table Switzerland Local Functionality
BWR Depr. Book Code Field, Fixed Asset Table Switzerland Local Functionality
Start of Use Date Field, Fixed Asset Table Switzerland Local Functionality
VAT Product Posting Group Field, Fixed Asset Table Income Tax
Excise Prod. Posting Group Field, Fixed Asset Table Excise
Excise Accounting Type Field, Fixed Asset Table Excise
Add. Depr. Applicable Field, Fixed Asset Table India Local Functionality
FA Block Code Field, Fixed Asset Table India Local Functionality
Acquisition Year Field, Fixed Asset Table Italy Local Functionality
Source FA No. Field, Fixed Asset Table Italy Local Functionality
Acquisition Year Field, Fixed Asset Table Italy Local Functionality
Source FA No. Field, Fixed Asset Table Italy Local Functionality

See Also

Reference

Fixed Asset Card
Fixed Asset List
FA Depreciation Book

Other Resources

How to: Create Fixed Assets