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Procedure documentationDefining and Assigning G/L Accounts Locate this document in the navigation structure

 

In SAP Business One, you can define multiple sets of G/L accounts. After defining the G/L account sets, you can assign them to asset classes and, therefore, link them to fixed assets.

Prerequisites

You have enabled fixed assets.

For more information, see Enabling Fixed Assets.

Procedure

Defining G/L Accounts

  1. From the SAP Business One Main Menu, choose   Administration   Setup   Financials   Fixed Assets   Account Determination  .

    The Account Determination - Setup window opens.

  2. Specify the code, description, and G/L accounts and choose Add.

Assigning G/L Accounts to Fixed Assets

  1. From the SAP Business One Main Menu, choose   Administration   Setup   Financials   Fixed Assets   Asset Classes  .

    The Asset Classes - Setup window opens.

  2. Specify the general information, select the depreciation areas, and specify the account determination in each area.

  3. Choose Add.

  4. From the SAP Business One Main Menu, choose   Financials   Fixed Assets   Asset Master Data  .

    The Asset Master Data window opens.

  5. On the Fixed Assets tab, Overview subtab, specify the asset class to which the asset belongs.

    Note Note

    You cannot change the asset class of an asset having the status Active.

    End of the note.

    Once you specify the asset class, the associated account determination is assigned to the asset.

More Information

Account Determination

Asset Classes

Asset Master Data