How to: Set Up Future Expenses in a Depreciation Book

To depreciate a future expense, you have to set up future period expenses in a depreciation book.

To set up future expenses in a depreciation book

1. In the Search box, enter Depreciation Books, and then choose the related link.

2. On the General FastTab, fill in the fields as described in the following table.

   Field	Description
   Code	Specifies the code for the depreciation book.
   Description	Specifies the description of the depreciation book.
   Default Final Rounding Amount	Specifies the final rounding amount that will be used as the default for the depreciation book.
   Default Ending Book Value	Specifies the ending book value that will be used as the default for the depreciation book.
   Disposal Calculation Method	Specifies the disposal calculation method that is associated with the depreciation book. Disposal calculation methods include Net or Gross.
   Subtract Disc. in Purch. Inv.	Specifies if discounts will be subtracted from the purchase invoice.
   Allow Correction of Disposal	Specifies if disposals can be corrected.
   Allow Changes in Depr. Fields	Specifies if changes can be made in the depreciation fields.
   VAT on Net Disposal Entries	Specifies if VAT will be calculated on net disposal entries.
   Posting Book Type	Specifies the posting book type of the depreciation book. Book types include Accounting, Tax Accounting, and Analytical.
   Currency Code	Specifies the currency code that is associated with the depreciation book.
   Allow Identical Document No.	Specifies if an identical document number can be used.
   Allow Depreciation	Specifies if depreciations are allowed.
   Allow Indexation	Specifies if indexation is allowed.
   Allow Depr. below Zero	Specifies if depreciation below zero is allowed.
   Allow more than 360/365 Days	Specifies if depreciation is allowed for more than 360/365 days.
   Use FA Ledger Check	Specifies if fixed asset ledger checks are used.
   Use Rounding in Periodic Depr.	Specifies if rounding is used in periodic depreciation calculations.
   Use Same FA+G/L Posting Dates	Specifies if the same fixed asset general ledger posting date is used.
   Fiscal Year 365 Days	Specifies if the fiscal year equals 365 days.
   Mark Errors as Corrections	Specifies if errors are marked as corrections.
   Control FA Acquis. Cost	Specifies if fixed asset acquisition costs are controlled.

3. On the Integration FastTab, select all options.

4. On the Navigate tab, in the Depr. Book group, choose FA Journal Setup.

5. In the FA Journal Setup, fill in the Gen. Jnl. Template Name and Gen. Jnl. Batch Name fields.

6. Choose the OK button.

7. In the Search box, enter FA Setup, and then choose the related link.

8. In the Fixed Asset Setup window, on the General FastTab, fill in the Future Depr. Book field and then choose the OK button.

9. In the Search box, enter Chart of Accounts, and then choose the related link.

10. Open the relevant account, and in the G/L Account Card window, on the Posting FastTab, fill in the Gen. Prod. Posting Group and the VAT Prod. Posting Group fields, and then choose the OK button.

11. In the Search box, enter FA Posting Groups, and then choose the related link.

12. In the FA Posting Groups window, enter information in the required fields.

13. Choose the OK button.

See Also

Tasks

How to: Create Future Expense Journals

Concepts

Future Expenses (Deferrals)

Other Resources

Fixed Asset Setup
Fixed Assets Accounting Setup
Fixed Asset Card