To use fixed assets, you must set up the journal names that are the basis of the journals.

To use items from inventory as fixed assets, you also must set up journal names for the journals.

Set up journal names for the fixed asset journals

  1. Click > > > .

  2. Createa journal name by entering a unique identifier in the field.

  3. Select in the field.

    You use the journal type for any type of fixed assets transactions that will be posted for value models. This journal type provides special functionality for fixed assets, such as generation of proposals for different types of fixed asset transactions.

  4. Enter values in the and fields and other fields, as required.

  5. Be sure that you set up a journal name for each to post fixed asset transactions to.

  6. Createanother journal name with a unique identifier in the field.

  7. Select in the field. This journal type has functionality similar to , but is used only for fixed assets budget transactions.

  8. Enter values in the and fields and other fields, as required.

  9. Be sure that you set up a journal name for each to post fixed asset budget transactions to.

Set up journal names and Inventory management for the Inventory to Fixed assets journals

Setting up journals is not a mandatory step in the setup of fixed assets. However, journal names must be set up to create fixed assets from inventory items.

  1. Click > > > .

  2. Createa journal name by entering a unique identifier in the field.

  3. Select in the field, and enter values in the and fields.

  4. Click > > > , and select a default inventory journal in the field.