Financial plans and current budgets can be created in the Fixed assets module using budget models. A budget model represents a collection of planned turnovers for specific accounts and periods.

1. Click General ledger> Setup> Budget> Budget modelto open the Budget modelform.

2. On the Overviewtab, press CTRL+N to create a new budget model.

3. In the Budget modelfield, enter a number for the budget model.

4. In the Namefield, enter a name for the budget model.

5. Press CTRL+S or close the form.

   Note
   For more information, see "Budget model (form)" and "About budget models" in the Applications and Business Processes Help.

6. Click Fixed assets> Common Forms> FA Budget journalto open the Journalform.

7. On the Overviewtab, press CTRL+N to create a new journal.

8. In the Namefield, select a journal name.

   Note
   For more information, see "Journal names setup (form)" in the Applications and Business Processes Help.

9. Click Linesto open the Journal voucherform, where you can enter fixed asset budget transactions.

10. In the Budget modelfield, select the budget model.

11. In the Accountingfield, view or modify the fixed asset value model.

12. In the Transaction typefield, select Putting into operation.

13. In the Datefield, view or modify the transaction date.

14. In the Account typefield, view or modify the type of account.

15. In the Accountfield, select a fixed asset number.

16. In the Transaction textfield, select a transaction text.

17. In the Debitor Creditfield, enter a transaction amount.

18. In the Offset account typefield, select the ledger account type.

19. In the Offset accountfield, select the ledger account number.

    Note
    If the posting profile is set up for this transaction, the Offset accountfield displays the account number automatically.

20. Repeat steps 10 through 19 for each fixed asset transaction type.

    Note
    Click Putting into operationand Depreciationto create group acquisition and depreciation calculation transactions. Specify the transaction date and budget model when you create an acquisition transaction. Specify the transaction date, budget model, and value model for the transaction when you calculate depreciation.

21. Click Validate> Validateto verify the asset information in the journal.

22. Click Post> Transfer budgetsto transfer the transactions to the fixed asset budget.

23. Click Post> Transfer and update budgetsto transfer the transactions to the general ledger budget.

    Note
    Click Fixed assets> Common Forms> Fixed assets> Value models> Budget transactionsto view the status as Posted to ledger accountsin the Posting statusfield, in the FA budget modelform.

24. Press CTRL+S or close the form.

    Note
    Click Fixed assets> Common Forms> Fixed assets> Value models> Balanceto view the updated amount in the Net book valuefield for the selected budget model in the FA balancesform.