In FAS Asset Accounting you have the ability to track user-created events by logging their History. An event is anything from creating an asset to running depreciation in the FAS Asset Accounting application. By default, event logging of a company is turned on when that company is created. To turn off historical event logging, you go to “File | Company Utilities | History | Setup History” and uncheck any checked entries in the “Setup History” dialog box.

The History Tab

Once you have opened a company and when you are in the “Detailed View” of an asset, you have access to the “History Tab.”
Note: You get in to the “Detailed View” of an asset by double-clicking an asset in the “Group View” or by selecting an asset and selecting “Detail View” from the Asset menu.

Here we are in the “Detailed View” of system number 7 in the Westfields Bakery demo company.

Notice the 6 asset tabs that are displayed above the Co Asset No.

Click on the History tab and you see a log of all events concerning system number 7.  The History Tab opens in the “Summary View.” This view displays a list view of all tracked events.

Double-clicking an event displays the “Detail View” of a specific event.



The History Tab displays “Action, Date, Time, User, and Description” information for an asset.

“Action” lists the specific action that a user performed on the asset. The following chart explains all tracked actions that one can perform on an asset.



Note: The application displays the CHANGE event code whenever you make a change to either a book-related field or a general information field. The CHANGE event code is also displayed when you perform a 168(k) Allowance Switch or a MACRS Convention Switch.

You will not see any asset calculations in the History Tab as this information is not tracked in the event log.

For more information on the History Tab, please refer to the Viewing Asset History section of the FAS Asset Accounting user’s guide.