| Asset Books (tffam1510m000) |  |
| Use this session to display all the asset books. You can select asset books to view information or to perform transactions related to asset books. When you define an asset, you assign a series of books to the asset. A list of books is automatically entered from the Default Book (tffam0110m000) session associated with the company you assign to the asset. In the Default Book (tffam0110m000) session, books are indicated as required or not required. Required default books must remain on the asset record. Not required default books can be used for the asset or, if they are not needed, they can be removed from the asset. An asset can have relationships with more than one book. Books can be added or removed as needed subject to the following conditions: you cannot remove a book that is required in the Default Book (tffam0110m000) session, or the default posting book. One asset can depreciate in several of these books, using different depreciation methods, conventions, and property codes. Therefore, the depreciation values for the asset are stored at asset-book level. Multiple books can generate journal entries to the General Ledger module. Some transactions on an asset can be carried out at asset-book relationship rather than for the entire asset. This means that you make a transaction on the asset in one or more of its books instead of at the asset-header level. Transactions that can be performed at an asset-book level include the following: Adjustments Disposal Depreciation Restate depreciation Revaluation Suspended depreciation Accelerated depreciation
Fields | Description
Asset Number | The asset number and asset extension create a unique identifier for the asset in the selected company.
Asset Number | The description or name of the code.
Asset Extension | The asset number and asset extension create a unique identifier for the asset in the selected company.
Asset Extension | Status of the book. Related topics Asset Statuses
Asset Book | Identifies the book associated with the asset. Book codes permit you to define the books used by assets to record transactional data. Each asset must have at least one asset-book relationship. Default value The book specified in Books (tffam6500m000) for the company on the asset record.
Book Type | Indicates the type of book. Default value The book type specified in Asset Book (tffam1110s000) for related books on the asset record.
Description | The description or name of the code.
Book Status | Status of the book. Related topics Asset Statuses
Required | If this check box is selected, this asset book cannot be removed.