The FA/IA saleregister consolidates information about asset sales operations and calculates losses disposal of depreciable property and intangible assets that are recognized as deferrals for tax purposes.

Records are created in the register with an accumulating total. The records take into account the finalization of sales operations for each item of depreciated property. Reporting data is generated by totaling the indicators from the beginning of the tax period to the reporting date.

The FA/IA saleregister is calculated on the basis of data from the following registers:

  • FA - object information register

  • IA - object information register

  • Property disposal register

  1. Click General ledger> Setup> Profit tax> Registers.

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

  3. In the Register typefield, select FA/IA sale.

  4. In the Register codefield, enter an identification code for the register.

  5. In the Register namefield, modify the name of the register, if necessary.

  6. In the Period typefield, select the type of time period for which the register is created.

  7. Click the Hidetab, and move any fields that you want to hide in the register from Available fieldsto Selected fields.

  8. In Selected fields, select the check box for the register fields to be hidden.

  9. Click General ledger> Setup> Profit tax> Register parametersto set up additional parameters for the register.

  10. In the Register namefield, select FA/IA sale.

  11. In the Parameter name, specify the parameter.

  12. In the Valuefield, select the fixed asset or intangible asset group by the tax account type and asset type that are to be used to create the register. If you specify more than one value, separate the values with commas.

    Note Note

    If you do not specify parameter values, the register will contain all fixed assets and intangible assets.

  13. Press CTRL+S or close the form.

See Also