Default Book (tffam0110m000)

Use this session to set up a list of default books to create company-book relationships for a company through the FAM Parameters (tffam0100s000) session. These books act as a data entry default for all assets created for this company. When you associate a book with a company, you indicate whether

  • The book is required for the company. It defaults to the default posting book.
  • Additional posting is allowed for the book.

The book's transactions will be posted to the General Ledger module. You can also view or modify existing company-book relationships for an existing FAM Parameter. The books entered in the Default Book (tffam0110m000) session are automatically linked to all entered assets.

When you enter an asset, the Fixed Assets module creates an asset book relationship for each book in this session. Only one of the books in the list can be the ADR book. Only one book can generate journal entries to the General Ledger module. In both cases, these books must be marked required. Once a user selects the Required check box, the asset book relationship cannot be deleted.

Although only one book is the global GL posting book, you can define additional posting books that can also generate general ledger entries. These additional postings are created on different ledger accounts.

A book that is not marked required appears on new asset records as a data entry default, but you can delete it. You can also delete it from the asset record of any existing asset that has not yet been capitalized. If you remove a book from an existing asset book list of defaults, it remains in any existing asset record asset book relationships, but is not used as a data entry default on any new records. Use the FAM Parameter (tffam0100s000) session to add a required book to all existing assets in the Fixed Assets module. LN will copy the values of an already existing book of the same type. This occurs in the Add Book to Assets (tffam0210m000) session.

You access this session by selecting the Default Books button in the FAM Parameters (tffam0100s000) session.

Note

When you save the book in this session, the Add Book to Assets (tffam0210m000) session starts. After the asset book creation process is completed, then only that particular book is marked as a nonpending book. If you stop this process before its completion, the book is not saved if it is a required book.

Related topics

 

Book Code
Identifies the book associated with the asset. Book codes permit you to define the books used by assets to record transactional data. Each asset must have at least one asset-book relationship.
Book Code
The description or name of the code.
Book Type
Displays the type of book.
Required Book
Indicates whether the book is required for all assets for the current company.

If this check box is selected, you cannot remove the book from asset book relationships for this company. For the Posting book and the ADR book, you must select this check box.

If this check box is cleared, you can remove the book from entered assets. For the Posting book and the ADR book, you cannot clear this check box.

Allow Depreciation Postings to General Ledger
If this check box is selected, additional posting will occur for the specified book. This only applies to Commercial, Calculatory, Special, and Statutory books.