SAP B1 Admin Setup for Fixed Assets

This tutorial covers the needed admin settings so we can use the Fixed Asset Module of SAP B1. The contents of this topic are as follows:

1:06 - Setting up account determination
7:51 - Depreciation types
10:06 - Depreciation areas, and
12:46 - Asset classes

If you want to understand the actual effect of the settings that we have set here, you can check how SAP Business One works with the users in various departments on the link below.


Content Keys:
1. GL Account Determination in SAP Business One enables the admin to customize financial accounts' mapping with business transactions such that the financials module gets updated upon creating a document in the system.
2. Depreciation types are used to define the different calculation methods for fixed assets. It depends on your organization whether you need the straight-line method, the declining balance method, immediate write-off, and other calculation methods.
3. The depreciation area is used to calculate different values in parallel for the same asset. This may be required for management reports, tax reports, costing, and others.
4. The asset class setup is important so that the assets can be properly classified by the fixed asset users.

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