To set up Fixed assets for your company, you must complete a number of procedures.
The following topics provide information about Fixed assets:
About assets created from Accounts payable
Set up Fixed assets and Accounts payable integration
Set up number sequences for Fixed assets
Set up ledger accounts for fixed assets
Set up fixed asset posting profiles
Set up general ledger parameters for Fixed assets
Set up fixed assets inventory items
The setup procedures should be completed in the order that they are listed in.
Setting up consumption depreciation is not mandatory, but if you're using consumption depreciation, you should complete it.