From product version 1.0.23.0 you now can utilize Standard Fixed Assets functionality in place of Right-of-Use schedule.
This can be used only for new leases
This can only be used for Leases without any G/L postings. No transition between RoU and FA in middle.
For quick setup these would be the steps for it :
- In Lease Setup enable "Use Fixed Assets for RoU flag. It is used mostly for visib:
- In Lease Category page add new category. It can be a copy of an old one. Or modify existing category by enabling a flag
Category with balances
It should not be used with Categories that have active leases on them
- After Setting up which companies should use Fixed Assets either in Lease Setup or Fixed Asset Setup you can run action "Setup Fixed Assets for Leases":
Visiblity
If it is to be ran from Lease Setup. Use Fixed Assets for RoU needs to be checked before opening the page.
This Action overrides current Fixed Asset Setup
!! Fixed Asset Setup is changed to use newly created "Lease" depreciation book. Can be changed. Used for empty companies to have it !!
!! Fixed Asset Numbering also changed to FA Lease. Can be changed back to your usual one !!
FA Posting groups are created based on Lease Categories
With all these steps completed you are ready to use Fixed Assets instead of RoU schedule lines for your postings. RoU schedule will now display calculations based on Depreciation book created.