You can define corporate, tax, and budget depreciation books. You must set up your depreciation books before you can add assets to them. You can set up multiple corporate books that create journal entries for different ledger, or to the same ledger. In either case, you must both run depreciation and create journal entries for each depreciation book. For each corporate book, you can set up multiple tax and budget books that are associated with it.

Prerequisites

• Specify system controls. See: Specifying System Controls.

• Define your calendars. See: Specifying Dates for Calendar Periods.

• Set up your Account segment values and combinations. See: Defining Accounts.

• Set up your journal entry formats. See: Defining Journal Sources and Defining Journal Categories.

To define a depreciation book:

1. Open the Book Controls window.

2. Enter the name of the book you want to define.

   The book name cannot contain any special characters.

   Suggestion: The name you enter appears in List of Values windows which allow no more than 15 spaces. You may want to limit the book name to 15 characters.

3. Enter a brief, unique description of the book.

4. Choose a Corporate, Tax, or Budget book class.

5. Enter calendar information for your book.

6. Enter accounting rules for your book.

7. Enter natural accounts for your book.

8. Enter tax rules for your book.

9. Save your work.