A value model is defined to create fixed asset transactions in the General ledger for various accounting functions, such as tax and business transactions. You can also create sub-models and depreciation groups for each value model.

  1. Click Fixed assets> Setup> Value modelsto open the Value modelsform.

  2. Press CTRL+N to create a new line.

  3. In the Value modeland Namefields, respectively, enter the code and name of the value model.

  4. Select a posting layer for value model transactions from the following options:

    • Tax- The value model is used for tax accounting purposes.

      Note Note

      Because the fixed asset tax account is run on off-balance accounts, a separate posting profile must be configured for the tax value model.

    • Current- The value model is used for all other business purposes.

  5. On the Generaltab, in the Posting profilefield, select the posting profile for the value model.

    Note Note

    On the Generaltab, the parameters in the Overviewtab are displayed along with the other parameters.

  6. On the FA Derived value modelstab, create sub-models or derived models for the value model by specifying the following:

    • Value model- Select a derived model for the value model.

    • Transaction type- Select the type of transaction that the derived model is associated with.

  7. Click Depreciation groupsto define depreciation groups for the value model.

  8. Press CTRL+S or close the form.

See Also