This document explains how you define tools for managing the company's fixed assets. This includes creating fixed asset types with connected value types, cost of capital methods, fixed asset groups and locations, and fixed asset types. How to define depreciations is described in a separate document.
Fixed asset types matching the company's different types of assets are created.
Tailor-made templates for flexible management of fixed assets are defined.
For further information, see the documentation listed in the See Also section.
Based on the existing plan for managing fixed assets, you can define the following tools for managing the company's fixed assets:
Create user-defined names for certain amounts, so-called value types, in 'Fixed Asset Value Type. Open' (FAS060/B). These types are used to keep track of all values needed to follow up on a certain asset.
If the company wants to use a method for calculating the internal interest on fixed assets, you define the method in 'Cost of Capital. Open' (FAS090/B).
For reporting and monitoring purposes you define groups for fixed assets in 'Fixed Asset Group. Open' (FAS080/B).
Register the location of any fixed asset in 'Fixed Asset. Location' (FAS070/B). Locations are useful for, for example, carrying out a physical inventory.
Define up to five user-defined field headings in 'Settings – User-defined FA Fields' (FAS905). The fields are then automatically displayed in 'FA Type. Open' (FAS076/F) and 'Fixed Asset. Connect Depreciation Types' (FAS002).
Define FA Type (required)
Connect any or all of the components listed above to a fixed asset type in 'FA Type. Open' (FAS075) and enter further optional values.