To set up Fixed assets for your company, you must complete a number of procedures.

The following topics provide information about Fixed assets:

Set up number sequences for Fixed assets

Set up transaction text

Set up journal names

Set up ledger accounts for fixed assets

Set up depreciation profiles

Set up value models

Set up fixed asset groups

Set up fixed asset posting profiles

Set up general ledger parameters for Fixed assets

Set up provision types

About derived value models

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.