Locations are defined for fixed assets to assist in counting and depreciation accrual. Depending on the fixed asset locations, the calculated depreciation amount is allocated to the production cost of the product or to a ledger account.

The location is defined before the asset is acquired.

Note Note

You must create a transfer transaction to transfer fixed assets from one location to another.

  1. Click Fixed assets> Setup> Locationto open the FA locationform.

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

  3. In the Locationand Namefields, enter the location code and description.

  4. Click the Fixed asset posting profilestab.

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

  6. In the Groupingsfield, select one of the following options:

    • Table– The posting profile is applicable for a fixed asset.

    • Group– The posting profile is applicable for a depreciation group.

    • All– The posting profile is applicable for all fixed assets.

    • Accounting– The posting profile is applicable for a value model.

  7. In the Account/Group numberfield, select the depreciation group, fixed asset, or value model that the posting profile will be used for.

  8. In the Ledger accountfield, select a ledger account for posting the fixed asset transactions.

  9. In the Account for depr. bonusfield, select a ledger account for posting the fixed asset depreciation bonus, if appropriate.

  10. Press CTRL+S or close the form.

See Also