HOW TO : Create Fixed Asset in Fixed Asset Module

This scenario will take you through the manual Fixed Asset Creation process.

  • Go to Fixed assets/Common/Fixed assets/ Fixed assets and create a new Asset.

1

  • Now select the Fixed Assets Group from the drop down.

2

  • Now the system will automatically assign the Fixed Asset # based on the setup. You have to enter the Asset Name Description, select the Type, Major Type and Property Type

3

  • Add the technical information for the Fixed Asset.

4

  •  Add Location specific information

5

  • Now click the Value Model to enter other financial and date specific information

6

  • Based on the setup the system will populate the Value Model, Status, Depreciation Profile, Service Life, Depreciation Period remaining and Posting Profile in the Overview TAB.

7

  • Now enter the Acquisition date, Price and method in the General TAB.

8

  • Verify the other information that will come automatically once the asset is created in the Depreciation TAB. This information is populated based on the setup.

9

  • Enter the Financial Dimension that will be applicable to fixed asset transactions in the Financial Dimensions TAB.

10

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