Require Account Box and Default Account Options in the Fixed Assets Company Setup Window

TechKnowledge Content

Issue

What is the Require Account and Default Account options used for in the Fixed Assets Company Setup Window?

Resolution

If the Require Account box is marked, Fixed Asset Management will require that the Asset Account information be saved before an Asset Book can be added for an asset. This box should be marked to take advantage of all of the Financial Detail File reporting and inquiry features as well as for general ledger interface posting and reporting. You must be using accounts in order to interface transactions from Purchase Order Processing and Payables Management.

If you have Require Account marked, you must enter a set of 8 Fixed Assets accounts in this window. The account numbers on this window will be used as defaults during asset account maintenance anytime an account is left blank in the Asset Account window. The Asset Account record will not allow blank records.

This article was TechKnowledge Document ID: 19387

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