Before using any of these programs to begin entering data and setting up your fixed assets, you should first spend considerable time planning how best to use this module. Among some of the decisions that should be carefully considered are the designs for the Location FlexKeys, the types of depreciation books, depreciation methods that will be used, and which parameters to use as module level defaults.

The Fixed Assets module requires two setup processes: 

- Organization setup and 

- Fixed Assets module setup. 

Setup needs to be performed once for each database.

Organization Setup
Organization setup information affects all iDistribute modules. Before you can use Fixed Assets, the  the Setup information for the module needs to be entered. Setup includes defining information such as depreciation books, depreciation methods, and short years. 

Organization setup includes the following:

· Global Parameters
· Fiscal and System Calendars
· Account Types
· GL FlexKey structures, segments, validations, and aliases
· Reconciliation Codes 
· Interbook Accounts
· Multilevel Tax Groups
· Multicurrency