this site is individual site for ueh students of information management faculty this site provides some students resources of it courses such as computer network data structure and algorithm enterprise resource planning

• Name: enter the name of fixed asset group • Autonumber fixed assets: select this check.. box to indicate that system creates the numbers for fixed assets.[r]

Fixed Asset

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• Fixed Assets Depreciation Profile

• Go to: Fixed Asset -> Set up-> Depreciation-> Depreciation Profile

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• Click New to create a depreciation profile

• Enter a unique identifier in the Depreciation

profile field.

• Select a depreciation method in

the Method field The following depreciation

methods can be used:

• Straight line service life

• Fixed assets group

• Go to Fixed assets -> Setup -> Fixed assets ->

Fixed asset group

• We will group similar fixed assets into 1 group

Press new icon or <Ctrl + N> to add new row

and key-in necessary information

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• Fixed assets group: enter the code of fixed

assets group

• Name: enter the name of fixed asset group

• Autonumber fixed assets: select this check

box to indicate that system creates the numbers for fixed assets

• Number sequence: select the number

sequence code to use when assets are

autonumbered

• Current, Operations and Tax check box will

be assigned in Value models form

• General tab: you can select fixed asset type in

general tab Default value is ‘Tangible’

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• Value models button:

• Open value model form to assign value model for fixed asset group

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• Value model: select value model ‘SL’ for fixed

asset group This is straight line depreciation

method

• Depreciation: check this option to enable

depreciation calculation

• Depreciation periods: enter the default fixed

asset life by period for this value model System will calculate service life automatically

(periods/12)

• Service life: enter the default fixed asset life by

year for this value model System will calculate depreciation periods automatically (service life * 12)

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• Posting profiles

• Go to FA -> Setup -> Fixed assets -> Posting

profiles

• Posting profiles will setup the posting account

for fixed asset transactions such as acquisition, adjustment, depreciation, disposal, etc

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• Value model: select value model

• Groupings: select ‘Group’ to setup posting

account for each fixed asset group; select ‘All’ to setup for all groups

• Account number: select fixed asset group (only

select if groupings value is ‘Group’)

• Ledger account: select posting account for FA

transaction

• Fixed asset detail

• Go to FA -> Fixed asset detail

• Fixed assets form will use to setup all the

information of fixed assets Press new icon or

<Ctrl + N>

• Fixed asset group: select suitable FA group for

new FA

• Fixed asset number: enter the FA code

• Name: enter the FA name

• Search name: enter the name use for searching

• to add new fixed asset

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• Type: select the FA type

• Quantity: enter the number of units for the FA

• Unit of measure: select the suitable unit of

measure such as pcs, each

• Unit cost: enter the cost for each unit of FA

Value model button: press this button to open

value model form to assign the value model for FA

• Value model: select value model for FA

• Service life/Depreciation period: enter the FA

life by year or by period

• Depreciation period remaining: you can enter

the remaining period life of the FA The default value will equal Depreciation period

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Fixed Asset Acquisition

• Manual creation and general ledger journal

• Step 1: Create new fixed asset

• Access: FA > Common > Fixed assets.

• Create a new fixed asset.

• Enter all informations you need : location, technical informations, insurance, …

• The fixed asset status = Not yet acquired

• Step 2: Create a new journal

• Access : GL > Journals > General Journals.

• Create a new journals and go to lines form.

• In accounting type field: select “Fixed asset”

• Enter the fixed asset number in the account field.

• The offset account is automatically filled by the offset account from the value model.

• In tab “Fixed asset”, check the value model and select transaction type and post the journal

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• Step 3: Fixed asset acquired

• Access: FA > Common > Fixed assets

• Check the fixed asset : price comes from the ledger journal.

• FA status is now “Open”.

Remark : For the step 2, you can use a fixed

asset journal instead of a general ledger

journal.

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Step 1: Create new fixed asset

• Access: FA > Common > Fixed assets.

• Create a new fixed asset.

• Enter all informations you need : location, technical informations, insurance, …

Step 2: Create vendor invoice journal

• Access: AP > Journals > Invoices > Invoice journal

• Create a new journal and go to the line form.

• Select « Fixed asset » in the Account type and enter the Fixed asset number in the Account field.

• Select the vendor account in the Offset account

• In the tab « Fixed assets », check the transaction type and the value model.

• Post the journal

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Step 3: Fixed asset updated

• Access: Fixed assets > Common > Fixed assets >

Fixed assets

• In the fixed assets form the price and the status are updated