A posting profile is a set of ledger accounts that are used to post assets transactions. You can select different ledger accounts for each type of asset transaction.

You must set up at least one posting profile, and for most companies, one is all that is needed. You can use additional posting profiles when the same asset transactions for the same asset need to be posted differently in a special situation.

For each transaction type, set up a ledger account and an offset account. If the ledger account is the part of the fixed asset transaction, which changes the value of fixed the asset, enter a balance sheet account. If the offset account is for the fixed asset income or expenditure, enter a profit and loss account.