Enter Book
Explanation
This activity is used to enter a book. Only
one
book can be assigned as a rotable pool book.
Prerequisites
Before a book can be entered, the following must have been completed:
- The company must exist in IFS Financials.
- FA Accounting must be used as a code part function for a code part. This is defined in
the
Define Code String window.
System Effects
As a result of this activity, it is possible to enter and change books for objects and
object groups.
Window
Fixed Assets Books
Related Window Descriptions
Fixed Assets books
Procedure
Use the following procedure to enter a book:
- Open the Fixed Assets Books
window.
- Use the New function, and enter the book and the book
description.
- Select the Create
Accounting check box if the book should create accounting.
- Select the
Simulate Postings for Planned Depreciation check box if you want
posting control instructions for FAP5 and FAP6 posting types
to be simulated for depreciation plans connected to the book by default.
- If you have selected the Create Accounting
check box, enter a value in the Voucher Type field to specify the
voucher type to be used for object transactions related to the book. The
List of Values can be used to select an appropriate value. (Note: You
are required to enter a value in the Voucher Type field if you have
selected Gross Cost or Net Cost for the Disposal
Posting Method field. If only one voucher type exists for function group
A then this voucher type should not be connected to books which have
Only Account Depreciation selected in the Disposal Method
field.)
- If you have selected the Create Accounting
check box, select a value from the list for the Disposal
Posting Method field to specify a method to be used to create postings
for disposals of fixed asset objects. (Note: Each ledger can have
only one book of which the disposal posting method is Gross Cost or
Net Cost.)
- Select the Post Profit/Loss from Sales check box if you want to
calculate the profit or loss for a sale and post them to the selected books.
FAP35 and FAP36 posting types will be used to post a profit
whereas FAP37 and FAP38 posting types will be used to post a
loss.
- Select the Depreciation with Decimals
check box if you want depreciation to be calculated with decimal points for
this book.
- If the book is to be used for rotable pool
objects, select the Rotable Pool Book check box.
- Select the depreciation calendar to be used
with the book.
- Save the information.