Set up Fixed Assets Business Rules

Use the Business Rules function to define application interfaces and general information about Fixed Asset functions.

To set up Business Rules, follow these steps:

1. Select Business Rules from the System Manager, Company Setup menu.
2. The Business Rules screen appears. Select Fixed Assets.

Interface - Application

3. General Ledger: Select Yes to interface Fixed Assets with General Ledger; otherwise, select No. If you interface Fixed Assets with General Ledger, Fixed Assets automatically creates entries in the GL Journal when you post depreciation.

Miscellaneous

4. Select Yes to Audit Fixed Assets if you want to maintain a transactional log of changes that are made to fixed assets; otherwise, select No.
5. Enter a Maximum Limit amount. This amount is used on the Depreciation Tax Report used to prepare IRS tax form 4562.
6. Enter the names for up to three locations in the Name For Location 1-3 options. These fields are used to generate reports.
7. Enter the name for up to three tax districts in the Name For Tax District 1-3 options. These fields are used to generate reports.
8. Select Yes to Post Detail to General Ledger; otherwise, select No to post summary information to the journal.
9. Enter a Threshold Limit amount. This amount is used on the Depreciation Tax Report used to prepare IRS tax form 4562.
10. Click Print to preview and print a report showing your selected business rules.
11. Select Apply, OK, or Cancel.

Command Buttons

Name	Description
Apply	Save the changes you have made to the business rules functions. The screen will remain open.
OK	Save the changes and exit the business rules function.
Cancel	Close the business rules screen without saving any changes.
Print	Preview and print a business rules report.