How to enter Fixed Asset data specifically by book

plumbline consulting

Asset data has been entered for internal book purposes in the system. Now there is a need to enter data for the same assets for Tax and AMT books which have different acquired dates, cost and accumulated depreciation values. How is this data entered?

A different cost can be entered for the book by going into the Asset Transaction screen and doing the following:

1. Select the asset and asset sub id
2. Select either the Purch + or Purch – transaction type
3. Enter the amount
4. Select the Book in the Book Code field.

The same will be done for the Depreciation transaction except you’d use the Depr + transaction type.