Scenario

The user wants to propose an Asset in the Fixed Asset module with Other Current Asset as Asset account for Asset Type.

Solution

Users may propose an asset in the Fixed Asset module having Other Current Asset as an asset account in the asset type creation. User may perform the following steps:

1. Navigate to List > Accounting > Accounts
2. Click Edit on theOther Current Assets that you desire to propose
3. On the show fixed asset management, clickAsset Account
4. Click Save
5. Navigate to Fixed Asset > Setup > AssetTypes > New
6. Populate the following:
• Name
• Accounting Method
• Residual Percentage
• Asset Lifetime
7. You may also modify the information in theGeneral Tab
8. On theAccounts tab, you may edit the following:
• Asset Account: (Select theOther Current Assetaccount that you desire on step 2)
• Depreciation Account
• Depreciation Charge Account
• Write off Account
• Write Down Account
• Disposal Cost Account
9. Click Save

Users will now be able to propose an asset where FAM Asset Type created is linked to Other Current Asset, provided that transactions for the Other Current Asset selected is within the scope of the proposed asset date.