Maintain fixed asset master data files for deductible expenses (Japan)

Note

We will not be accepting edits to this topic, because it is generated from a business process in Lifecycle Services.

This task walks you through maintaining fixed asset master data files for deductible expenses.

This task was created using the demo data company JPMF.

Setups in Fixed asset groups

  1. Go to Fixed assets > Setup > Fixed asset groups.
  2. Click New.
  3. In the Fixed asset group field, type a value.
  4. In the Name field, type a value.
  5. Select Yes in the Autonumber fixed assets field.
  6. Select a number sequence code to autogenerate the fixed asset number.
  7. Select the default location for new fixed assets.
  8. Click Books.
  9. Click New.
  10. In the Book field, type a value.
    • Example: 200RED_CUR
  11. Expand the General section.
    • Configure the options.
    • Refer other materials for the details of each of the options.
  12. Click Save.
  13. Click New.
  14. In the Book field, type a value.
    • Example: 250NDB_TAX
  15. Expand the General section.
    • Configure the options.
    • Refer other materials for the details of each of the options.
  16. Click Save.

Creation of Fixed asset

  1. Go to Fixed assets > Fixed assets > Fixed assets.
  2. Click New.
  3. In the Fixed asset group field, type a value.
    • You can use the fixed asset group that you have just created, or you can use BUIL-M.
  4. Click Books.
    • Verify that the books were created automatically.