Fixed assests

lally

Hi masters,
In Fixed assests

FIXED ASSETS
→ SETUP → FA SETUP: there is field Allow Posting to Main Asset .

I gone through the help , but i could not understand .
so could u explain the detail meaning of these below sentence.

If you have split up your assets into main assets and components, and you want to keep track of the components, you can post directly to a main asset. However, you may only want to post information through the components. A checkmark in the
Allow Posting to Main Asset allows you to post to a main asset.

Because i done one transaction like this.

i created a New fixed assest card like Car main assest.
and created one more card that is component like wheel.
I done setups for fixed assest card. I placed a check mark in Allow Posting to Main Asset.

I purchased the componenet wheel with cost - 10000/-.
i post the transaction, But only wheel assest(component got amount in the field BOOk value ), but car(main assest didnot get any amount. in the field BOOK Value).


So please help me what type of transactions i need to post.

Please explain one transaction about this to understand easily.


Please explain with suitable example

lally

Hi experts,



Just throw some explanation on this................

ssingla

If you have purchased a component then the book value will be shown in its card and not in Main Asset Card. The consolidated balance can be seen in the reports.

lally

ssingla wrote:

If you have purchased a component then the book value will be shown in its card and not in Main Asset Card. The consolidated balance can be seen in the reports.

Thanks Sandeep,

But i could not understand the use of that field .

Better to give one example about that field.

what type of postings will effect ? :-k