Books (tffam6500m000)
Use this session to view information on books and to create new books. You use books to record depreciation and other transactional data for a company's assets. When you enter an asset into LN, you assign one or more books to the asset. You must set up books before you can set up FAM parameters. The posting book and the ADR book, defined in the FAM Parameters (tffam0100s000) session, are mandatory books.
In the Books (tffam6500m000) session, you can specify whether assets associated with the book will depreciate or not. An asset can depreciate differently in different books or not depreciate at all in a book. You can also view the book code, type of book, and the federal tax type.
Each book is attached to an asset. There can be several books attached to one asset. You must create at least one default posting book in the FAM Parameters (tffam0100s000) session. If you want one book to be an ADR book, the Federal Tax book is the default.
Field Information
- Asset Book
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A unique identifier for the book. It is grouped by book type.
- Description
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The description or name of the code.
- Depreciable
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Indicates whether assets associated with the book will depreciate or not.
- Book Type
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Indicates the type of book.
- Federal Tax Type
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Indicates the federal tax type for the book.