Overview tab

Create a new posting profile by name and description, or view a list of current posting profiles.

General tab

View the Overviewtab information for the posting profile that is selected on the Overviewtab.

Ledger accounts

Create or view the parameter combinations that determine which accounts the fixed asset transactions will be posted to if it is assigned the posting profile that is selected on the Overviewtab.

The key parameters are:

• The fixed asset transaction type. These are all listed in the Selectwindow.

• The value model used.

• The value in the Groupingsfield, by which you can set up one posting profile for all fixed assets, one for each fixed asset group, or one for each or some particular fixed asset.

You must select a ledger account and offset account for each possible transaction type/value model combination.

Note
The ledger account is usually a balance sheet account to which changes in the value of the fixed asset are posted, and the offset account is a profit and loss account, which tracks the income or expenditure created by the transaction, but there can be exceptions. It is crucial that the posting profiles meet the financial reporting requirements of the company.

Disposal

Set up the posting accounts the program will use when a fixed asset is sold or scrapped.

Posting profile

Identification of the posting profile that is the reference connecting the fixed asset transactions with the ledger accounts when a fixed asset transaction is posted.

Description

Description of the purpose of the posting profile, which can be useful especially if several posting profiles are used.

Value model

Select a value model for posting. For each transaction type there must be a setup for all value models which are used for posting.

Groupings

For ledger postings, three levels exist in the setup of posting profiles:

• Table- One account set up for each fixed asset.

• Group- One account set up for each fixed asset group.

• All- One account set up for all fixed assets.

Account number

The options in this list depend on the selection made in the Groupingfield.

• If Tablehas been selected, the lookup will show all fixed assets, and accounts are set up for the individual fixed asset.

• If Grouphas been selected, the lookup will show all fixed asset groups, and accounts are set up for fixed asset groups.

• If Allhas been selected, there will be no lookup, because the accounts will automatically be related to all fixed assets with the value model.

Ledger account

Account number for posting in general ledger for the transaction type. The fixed asset transactions posted to the account in this list are usually related to the value of fixed assets; therefore, mostly balance sheet accounts are used for this setup.

Some options are available only if your company configuration includes the specific country/region configuration key(s).

Offset account

Offset ledger account for the transaction type. The transactions posted on those accounts concern income or expenditures; therefore, mostly accounts from the profit and loss part of the chart of accounts are used here.