Depending on the structure of the chart of accounts and the requirements for ledger reporting, the posting profiles set up for fixed assets can be either very detailed or very general. The profiles that are set up must meet the company's requirements for financial reporting.

  1. Click > > >

  2. Press CTRL+N to create a new fixed asset posting profile.

  3. Enter a unique identifier for the posting profile in the field, and enter an appropriate description in the field.

  4. Click the tab. The fixed asset transaction types are listed at the left.

  5. Select a transaction type that your company uses, for example, .

  6. Press CTRL+N on the grid to the right, and create a line for each value model that uses this transaction type. Select the value model in the field.

  7. For each value model, select a value for the field and the field. The same accounts can be used for several or even all value models.

    Note Note

    Usually, you change the value of the fixed asset when you post and select a balance sheet ledger account for the field. The offset account is often a ledger account because income or expenditures are often posted for fixed asset transactions. There can be exceptions to these very general rules, however, so you must understand the objectives of your company for each fixed asset transaction type and posting profile.

  8. Add all the value models that use the selected posting type and specify the necessary posting accounts.

  9. Select the next transaction type to define for the posting profile, and complete steps 6-8.

  10. After you have specified the posting profile, you can close the form or you can create another posting profile on the tab.

See Also