E1: 12: Creating a Fixed Asset Master Record P1201/P1204
(Doc ID 1370158.1)
Last updated on JULY 14, 2021
JD Edwards EnterpriseOne Fixed Assets - Version XE and later Information in this document applies to any platform.
Create an asset master for every asset that needs to be managed throughout the JD Edwards EnterpriseOne Fixed Assets system. When creating master records, establish basic information about each asset, such as:
Asset numbers to uniquely identify the asset.
The department that is responsible for the asset.
The cost account for the asset.
The date the asset was acquired.
User-defined category code descriptions of asset status, class, and so on.
Textual descriptions or remarks to help locate the asset.
When creating master records for an asset, the system automatically creates:
Ledgers in the Asset Account Balances File table (F1202) if the appropriate processing option is setup.
Depreciation information, based on depreciation rules define during system setup, including the depreciation start date (the asset's acquisition date).
General ledger account information, based on depreciation account rules define during system setup.
The system stores asset master records in the Fixed Asset Master F1201 table. When requesting specific asset transactions, the system accesses or updates the information in this table.