Setting up fixed assets
Before you can work with fixed assets (FA), you need to define a few things:
- How you depreciate fixed assets.
- How you record acquisition costs, depreciations, and other values in the general ledger.
- Optionally, how to record insurance and maintenance on fixed assets.
The sections in this article link to more information about how to set up fixed assets. After you finish the setup, you can start working with fixed assets. For more information, see Using Fixed Assets.
Note
You can record fixed asset transactions in the Fixed Asset G/L Journal or Fixed Asset Journal pages, depending on whether the transactions are for financial reporting or for internal management. The help articles for fixed assets only describes how to use the Fixed Asset G/L Journal page.
When you enable a fixed asset activity in the G/L Integration section on the Depreciation Book Card page, use the Fixed Asset G/L Journal page to post transactions for the activity.
Required setup tasks
The following table contains a sequence of tasks to set up fixed assets, and links to related articles.
| To | See |
|---|---|
| Set-up default G/L accounts, allocation keys, journal templates and batches for fixed asset posting, and set up fixed asset classes and subclasses, such as Tangible and Intangible. | Set Up General Fixed Assets Information |
| Create depreciation books, define various depreciation methods, integrate with the general ledger, and enable duplication of entries in several depreciation books. | Set Up Fixed Asset Depreciation |
Optional setup tasks (insurance, maintenance, and user-defined depreciation methods)
The following table contains a sequence of optional tasks to set up fixed assets, such as insurance, maintenance and depreciation methods, and links to related articles.
| To | See |
|---|---|
| Enable insurance of fixed assets, set up general insurance information, an insurance card per policy, and prepare journals to post insurance costs. | Set Up Fixed Asset Insurance |
| Enable maintenance of fixed assets, set up general maintenance information, set up maintenance posting accounts, and define types of maintenance work. | Set Up Fixed Asset Maintenance |
| Learn about how to apply depreciation methods. | Set Up User-Defined Depreciation Methods |
See also
Fixed Assets overview
Fixed assets analytics overview
Finance
Getting Ready for Doing Business
Work with Business Central