Enter Book
Explanation
This activity is used to enter a book. Only one book can be assigned as a rotable pool book.
Use following procedure to create accounting transactions for entered books on Fixed Assets Books page.
- Enable the Create Accounting if the book should create accounting transactions.
- If you have enabled the Create Accounting, enter a value in the Voucher Type field to specify
the voucher type to be used for object transactions related to the book. Select an appropriate value from the
Voucher Type drop down. (Note: You are required to enter a value in the Voucher Type field
if you have selected Gross Cost or Net Cost for the Disposal Posting Method field. If only
one voucher type exists for function group A then this voucher type should not be connected to books which
have Only Account Depreciation selected in the Disposal Method field.)
- If you have enabled the Create Accounting, select a value from the Disposal Posting Method drop
down to specify a method to be used to create postings for disposals of fixed asset objects. (Note: Each
ledger can have only one book of which the disposal posting method is Gross Cost or Net Cost.)
Enable the Post Profit/Loss from Sales filed on Fixed Assets Books page if you want to calculate the
profit or loss for a sale and post them to the selected books. FAP35 and FAP36 posting types will be
used to post a profit whereas FAP37 and FAP38 posting types will be used to post a loss.
Prerequisites
Before a book can be entered, the following must have been completed:
- The company must exist in IFS Financials.
- FA Accounting must be used as a code part function for a code part. This is defined in the Define Code
String page.
System Effects
As a result of this activity, it is possible to enter and change books for objects and object groups.