Check/Add Acquisition Account

Explanation

Use this activity to check/add an acquisition account in IFS/Fixed Assets.

Prerequisites

Before the acquisition account is checked/added, the following must have been completed:

• The account must exist in the chart of accounts in IFS/Accounting Rules.

System Effects

As a result of this activity, the acquisition account can be used in IFS/Fixed Assets.

Window

Acquisition Accounts

Related Window Descriptions

Acquisition Accounts

Procedure

Use the following procedure to check if the acquisition account exists in IFS/Fixed Assets:

1. Open Acquisition Accounts
2. Find the existing acquisition accounts.

If the acquisition account does not exist in IFS/Fixed Assets, do the following:

1. Open Acquisition Accounts and use the New function. Use List of Values and specify the account. In the Description field, the account description from IFS/Accounting Rules is shown.
2. In the Valid From and Valid Until fields, dates are shown for the period to which the account is to apply as an acquisition account. These dates can be changed. Save the information.