Changing Fixed Asset Defaults

The Depreciation module is an optional module in EBMS. If you are interested in adding this to your subscription, please contact Koble Systems.

It is wise to properly configure the asset folder defaults before entering new assets. If you are not familiar with editing defaults, review Edit Defaults, Filter Down Data, and Globally Change Data. It is recommended that each folder is highlighted, and the following steps are performed for each folder.

Setting Defaults

To set asset defaults, go to Financials > Depreciation > Options > Asset Categories tab as shown below. NOTE: If the optional Depreciation module is not installed, depreciation options will not appear in the EBMS menu.

Select a sub-folder, click the Edit Defaults button and the following window will appear:

The only default values to set within Depreciation are the General Ledger accounts located in the Advanced tab as shown above. (Found by navigating through Financials > Depreciation > Options > Asset Categories tab > Edit Defaults.) Set the appropriate accounts for each asset category sub-folder. All depreciation accounts must be properly classified to be set within this window. See the Account Classification section of the EBMS manual for more details on classifications.

Click on the Transfer Department button to change the default department. This function will change the existing G/L account extension to a new department for each general ledger account that contains the new department as its extension.

Click OK to save defaults.