General ledger >
Setup >
Fixed assets >
Provision types
Use this form to set up controls for ownership period criteria
concerning:
The posting of profit resulting from the sale of a fixed
asset.
The posting of the reserve value of the fixed asset if a
Revenue recognition of
reserves proposal for a fixed asset journal line has been
created.
The following tables provide descriptions for the controls in
this form.
Tabs
Tab
Description
Overview tab
Create and view provision types.
General tab
View the
Overview tab information
for the provision type that is selected on the
Overview tab.
Fields
Field
Description
Type
The unique identification code or name of each
Provision type . You
can select a provision type in the
Depreciation
books form.
Provision types are
related to the transaction types
Provision for
reserve and
Transfer from
reserve in the
Posting profiles
form, as well as the
Account for revenue
recognition of untransferred reserves field on the
Fixed assets tab in the
Parameters
form.
Description
A description of the provision type, perhaps including a
description of the kind of reserves that the provision type is used
for.
Length of ownership
The ownership period criteria that determines the
Ledger account to which the profit
resulting from the sale of a fixed asset is posted.
Length of
ownership
Months
The number of months of ownership serving as the asset
expiration deadline for the reserve posting policy, which comes
into effect when you create a
Revenue recognition of
reserves proposal for a fixed asset journal line.
Months
Navigating
the form
