Enter Fixed Assets Info per Company

Explanation

This activity is used to enter basic data to control the functionality of IFS/Fixed Assets.

In order to perform this activity, a company must exist.

As a result of this activity, all fixed asset objects of your company will be controlled by parameters defined for the company.

To enter fixed assets information per company:

Open the Company window and query for the company for which you want to enter fixed assets information.
Create a new record in the Fixed Assets tab.
Select the Allow Multiple Code String for Acquisition check box if you want to enter different code strings for acquisition and additional investment functions.
Select the Reduction by Cash Discount check box if you need to reduce the acquisition values of Fixed Assets objects by cash discount received for invoices with fixed assets postings. If the Reduction by Cash Discount check box is selected, you must select an acquisition reason from the List in the Transaction Reason field. Note: The reduction by cash discount is only applied on invoices with payment terms allowing the allocation of cash discount.
Select the Custodian Mandatory check box if you want every fixed asset object entered for the company to be connected to a custodian.
Select the Physical Location Mandatory check box if you want every fixed asset object entered for the company to be connected to a physical location.
Select the Write Depreciation Log check box if you want the system to generate a depreciation log for each depreciation proposal created for the company.
Save the information.