Exact Financials (v3)

Fixed Assts Manual - Maintaining asset books

Maintaining asset books

Exact Assets C/S allows you to use multiple valuation standards simultaneously. For each valuation standard an asset book should be created. If an asset set is linked to an asset book, the depreciation method and table are indicated. A fixed asset linked to an asset set will be depreciated in the linked asset books. Each asset book has its own depreciation method therefore a different depreciation result will be reached.

If fixed assets need to be valued in multiple currencies, you should create separate asset books for each currency.

Create asset books in [Master data, Maintenance, General, Asset book]. Only one asset book will be used for actual depreciation. From the depreciation costs calculated in this book, entries will be created in the general ledger of the linked financial accounting system. This asset book is the "Posting book". You can create only one posting book. The posting book always uses the base currency of your financial accounting system.

Finance Manual C/S > Contents > Working with fixed assets > Maintaining asset books