Category Archives: Fixed Assets

As per law and for regulatory reporting, Companies should maintain more than one book for every fixed asset That means that any transaction posted like an acquisition or disposal etc. will reflect in those books. TAX Book: Books setup for Tax reporting with Post to general ledge is disabled and posting layer is None soContinue reading “Step 2# Fixed Asset books”

First step to setup is Depreciation profiles, this defines how asset will be depreciated. Create new profile by selecting one from predefined depreciation method from dropdown. Select the value for below fields.