Setup fixed asset depreciation allocation

In Japan, the depreciation expenses of a particular fixed asset can be shared among multiple departments.

This task walks you through setting up fixed asset depreciation allocation.

This task was created using the demo data company JPMF.

Create a Fixed asset allocation rule

1. Go to Fixed assets > Setup > Depreciation allocation rules.
2. Click New.
3. In the Rule ID field, type a value.
4. In the Description field, type a value.
5. In the Dimension name field, type a value.
6. Click Add.
7. In the BusinessUnit field, type a value.
   • Enter the information for the first allocation target.
8. In the Percentage field, enter a number.
   • The total of all the allocation target must be 100.
9. In the Offset account field, specify the desired values.
10. Click Add.
11. In the BusinessUnit field, type a value.
12. In the Percentage field, enter a number.
    • The total of all the allocation target must be 100.
13. In the Offset account field, specify the desired values.
14. Click Save.

Assign a fixed asset allocation rule to a posting profile

1. Go to Fixed assets > Setup > Fixed asset posting profiles.
2. Click Edit.
3. In the Transaction type field, select 'Depreciation'.
4. In the list, find and select the desired record.
   • Select the record that you want to link the allocation rule to.
5. Expand the Depreciation allocation rules section.
6. In the Asset allocation rule for depreciation field, type a value.
7. Click Save.