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Page 1 of 2 The Fixed Asset Register, like Financials, allows you to maintain up to ten separate budgets for an asset, in addition to the actual details. You can maintain budget values for all of the assets you have defined in the actual asset register using Fixed Asset Setup (FAS). The budget asset register operates in the same way as the actuals asset register. You must use Change Budget (CB) to access a budget ledger. You can then enter budget transactions using Ledger Entry or Ledger Import to set up the asset budget values, record asset additions, revaluations and disposals. You can also use Depreciation Calculation (DPC) to depreciate the budget values and generate depreciation budget transactions to update the asset budget records and the depreciation accounts in Financials. There are many different uses for asset budgets, including: Asset Budget Details ( FABD) is used to set up a budget asset, in a budget ledger. Budget assets contain the same information as the 'actual' assets set up using Fixed Asset Setup ( FAS), but they are held in a separate budget ledger. So, a budget asset still contains all of the static data available, such as asset status, depreciation periods and posting accounts, gross value, accumulated depreciation and net book value. The budget asset values can also be held in the three currencies available: base currency, transaction currency and second base/reporting currency. However, the details do not have to be the same, so you can define a budget asset that uses different depreciation methods and currencies to the equivalent 'actual' asset. Therefore, by specifying a particular asset within a budget ledger, you are able to maintain a set of information on the asset alongside the actual information, for example, for the purpose of forecasting. There are ten budget ledgers available and they are identified by the budget codes B to K corresponding to the budget facility in SunSystems Financials. Transactions can be posted to asset budgets using Ledger Entry and Ledger Import. Budget data can be reported alongside actual data using the Financials report writers. You might use several budget ledgers to maintain different budget asset valuations or requirements, for example, one for taxation planning, one for forecasting, etc. The budget ledger must have been defined in SunSystems Financials.
The Fixed Asset Register, like Financials, allows you to maintain up to ten separate budgets for an asset, in addition to the actual details. You can maintain budget values for all of the assets you have defined in the actual asset register using Fixed Asset Setup (FAS). The budget asset register operates in the same way as the actuals asset register. You must use Change Budget (CB) to access a budget ledger. You can then enter budget transactions using Ledger Entry or Ledger Import to set up the asset budget values, record asset additions, revaluations and disposals. You can also use Depreciation Calculation (DPC) to depreciate the budget values and generate depreciation budget transactions to update the asset budget records and the depreciation accounts in Financials. There are many different uses for asset budgets, including: Asset Budget Details ( FABD) is used to set up a budget asset, in a budget ledger. Budget assets contain the same information as the 'actual' assets set up using Fixed Asset Setup (FAS), but they are held in a separate budget ledger. So, a budget asset still contains all of the static data available, such as asset status, depreciation periods and posting accounts, gross value, accumulated depreciation and net book value. The budget asset values can also be held in the three currencies available: base currency, transaction currency and second base/reporting currency. However, the details do not have to be the same, so you can define a budget asset that uses different depreciation methods and currencies to the equivalent 'actual' asset. Therefore, by specifying a particular asset within a budget ledger, you are able to maintain a set of information on the asset alongside the actual information, for example, for the purpose of forecasting. There are ten budget ledgers available and they are identified by the budget codes B to K corresponding to the budget facility in SunSystems Financials. Transactions can be posted to asset budgets using Ledger Entry and Ledger Import. Budget data can be reported alongside actual data using the Financials report writers. You might use several budget ledgers to maintain different budget asset valuations or requirements, for example, one for taxation planning, one for forecasting, etc. The budget ledger must have been defined in SunSystems Financials. |