Asset Management Configuration Form

Use the Asset Management Configuration form to set up the asset management options and features for your firm.

Related Topics:

  • Display the Asset Management Configuration Form
    You display the form in Configuration.
  • Toolbar of Asset Management Configuration Form
    Use the toolbar options to save and print your configuration settings.
  • General Tab of Asset Management Configuration
    Use the General tab to configure the capitalization minimum, asset period, asset item source, and the fixed asset gains(losses) for Asset Management.
  • Additional Books Tab of Asset Management Configuration
    Depreciation Processing allows you to run depreciation and amortization processing for your company's general ledger or "GL" book. You can also can have Vision calculate depreciation and amortization for any "additional books" that require different processing calculations. To have depreciation or amortization calculated for additional books, you first set up an additional book on the Additional Books tab.
  • Asset Type Tab of Asset Management
    Use the Asset Type tab to enter the different types of assets that your firm uses and specify related accounts.
  • Methods Tab of Asset Management Configuration
    Asset Management includes the ability to process depreciation and amortization for asset items from the Equipment Info Center. Use the Methods tab to configure the methods that are available for your firm when processing depreciation. The depreciation method defines how the costs of assets are distributed, based on time or use.
  • Property Type Tab of Asset Management Configuration
    Use the Property Type tab to define the property types that meet your firm's requirements for asset management, such as LP for Leased Property, LR for Realty - Land, LI for Lease Income, and so on. You assign a property type to an asset on the Asset Type tab of this form.
  • Improvements Tab of Asset Management Configuration
    Use the Improvements tab to define the types, or classifications, of improvements that are used to improve another asset item (for example, to repair another asset item). You assign an improvement type to an asset on the GL Book tab in the Equipment Info Center.
  • Section 179 Tab of Asset Management Configuration
    Use the Section 179 tab to define the yearly section 179 deduction limits that are set by the United States government.
Parent Topic: Fields and Options