Linking Accounting Books to an Asset
To link an accounting book to an asset:
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Go to Fixed Assets > Lists > Assets, and then click the Depreciation History subtab.
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In the Depreciation History subtab, do one of the following:
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To create a new alternate depreciation, click New FAM Alternate Depreciation.
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To edit an existing alternate depreciation, click the Edit link next to the alternate depreciation.
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In the FAM Alternate Depreciation page, select the Accounting Book that you want to link to this alternate depreciation.
You can only link active books to alternate methods. If an alternate depreciation is already linked to an accounting book, you can no longer change the Accounting Book value.
Note:If you select a value for the Accounting Book field, the Currency field is sourced from the subsidiary's book base currency. If the Accounting Book field is blank, the Currency field is sourced from the subsidiary's primary book.
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In the Alternate Method list, select the depreciation method to use. The system automatically populates other values on the form. These values are sourced from the Asset Type record.
Asset values on the form, such as Asset Cost and Net Book Value, is sourced from the Asset Record. This value is converted to the base currency of the secondary book. Values under the General tab are sourced from the Asset Record and values on the Accounts subtab are sourced from the Asset Type.
If the asset is already depreciating, you can't edit the fields unless Allow Asset Value Editing is enabled. For more information, see Restricting the Editing of Asset Values.
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Click Save.
No journal entries are created for depreciation history records that already exist or aren't linked to an accounting book.
The Accounting Book field is populated for new depreciation history records. For existing depreciation history records, the Accounting Book field might show as blank or null.