Setup Tasks

In the setup, you will need to configure these elements:

System Element	Setup Tasks
Fixed Assets constants	Establish system basics, such as: Default business units for asset cost, accumulated depreciation, depreciation expense, and revenue accounts for an asset. The category code number that you use to define the depreciation category for use in the depreciation rules. Symbols that identify the three types of asset identification numbers, including the company's primary number. The category code number that you use to define the asset class for use in the supplemental database.
User-defined codes (UDCs)	Define customized codes, such as: Asset category codes, including major accounting class and major asset class. Finance methods. Asset status codes. Asset message types.
User-defined depreciation	Set up user-defined depreciation methods when you need specific depreciation algorithms other than the standard depreciation rules that are included in the JD Edwards EnterpriseOne Fixed Assets system.
AAIs	Define accounting information and general ledger relationships when the JD Edwards EnterpriseOne Fixed Assets system interacts with the JD Edwards EnterpriseOne General Accounting system.
Next numbers	Enable the system to automatically assign numbers to various items in the system that require unique numbers.
Asset acquisition years	Define date patterns in the system for every fiscal year in which assets are acquired and each year thereafter for any asset that you want to depreciate.
Depreciation default values	Simplify the creation of new asset master records by establishing default values for the Master Information form, such as: Major accounting class Major equipment class Depreciation accounts Revenue account Depreciation information
Category code mapping	Map specific business unit category codes to specific asset category codes.
Ledger type rules	Control processing for specific ledger types. Specify any necessary ledger dependencies and associated transaction creation. Further define: Currency codes Date pattern overrides Period number overrides Rounding rules
Disposal account rules	Specify the accounts used for asset disposal.
Beginning balances	Simplify the initial conversion to the JD Edwards EnterpriseOne Fixed Assets system by recording beginning balances for assets in the Asset Account Balances table (F1202).
Supplemental data	Further define the assets in the system by setting up supplemental data type categories. After you establish these supplemental data types, you can track information about an asset that is important to the company but is not included in the asset master record.
Revaluation indexes	Automate revaluation so that you can easily keep pace with inflation or market fluctuations.
Units of production schedules	Establish units of production schedules so that the system can calculate depreciation by the measurements of production that you track and record in the system for the company.