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Difference between revisions of "Fixed Asset Class"
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<div style="text-align: center;"> | <div style="text-align: center;"> | ||
| − | [[Maintenance]] | [[Fixed Asset Class]] | [[Fixed Asset Master]] | [[Chart of Account]] | + | [[Maintenance]] | [[Fixed Asset Class Aids]] | [[Fixed Asset Master]] | [[Chart of Account]] |
</div><br /> | </div><br /> | ||
==Fixed Asset Class== | ==Fixed Asset Class== | ||
This maintenance screen allows the users to configure and add Asset Class for their General Ledger Accounts. | This maintenance screen allows the users to configure and add Asset Class for their General Ledger Accounts. | ||
| + | =====Requirements before using Fixed Asset Class===== | ||
| + | |||
| + | *The user should setup the following [[Maintenance]] Module in order to proceed on using the [[Fixed Asset Class]] | ||
| + | *#[[Chart of Account]] | ||
| + | *For detailed instructions on how to setup the needed [[Maintenance]] Module, the user may visit the following Job Aid pages: | ||
| + | *#[[Chart of Accounts Aids]] | ||
=====Fixed Asset Class Record List===== | =====Fixed Asset Class Record List===== | ||
| Line 12: | Line 18: | ||
*Fixed Asset Class is required when creating [[Fixed Asset Master]] | *Fixed Asset Class is required when creating [[Fixed Asset Master]] | ||
**Fixed Asset Class can be used in Fixed Asset Master as long as its status is '''ACTIVE''' | **Fixed Asset Class can be used in Fixed Asset Master as long as its status is '''ACTIVE''' | ||
| − | * Fixed Asset Class must be '''ACTIVE''' in order to simulate it on [[Depreciation Run]]. | + | *Fixed Asset Class must be '''ACTIVE''' in order to simulate it on [[Depreciation Run]]. |
=====Adding Fixed Asset Class===== | =====Adding Fixed Asset Class===== | ||
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[[File:Fixed Asset Class Option.png|center|thumb|Fixed Asset Class Option]]Notes: | [[File:Fixed Asset Class Option.png|center|thumb|Fixed Asset Class Option]]Notes: | ||
| − | * For detailed instructions on how to Import and Export a Fixed Asset Class, the user can visit the Fixed Asset Class Aids which can be found [[Fixed Asset Class Aids|here]] | + | *For detailed instructions on how to Import and Export a Fixed Asset Class, the user can visit the Fixed Asset Class Aids which can be found [[Fixed Asset Class Aids|here]] |
=====Fixed Asset Class Record Option===== | =====Fixed Asset Class Record Option===== | ||
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*Fixed Asset Class Record must be on '''ACTIVE''' status in order to used it when creating or editing a [[Fixed Asset Master]] | *Fixed Asset Class Record must be on '''ACTIVE''' status in order to used it when creating or editing a [[Fixed Asset Master]] | ||
**This can be seen in [[Fixed Asset Class]] Maintenance Module | **This can be seen in [[Fixed Asset Class]] Maintenance Module | ||
| − | * For detailed instructions on how to View, Edit, Activate/Deactivate and Delete a Fixed Asset Class, the user can visit the Fixed Asset Class Aids which can be found [[Fixed Asset Class|here]] | + | *For detailed instructions on how to View, Edit, Activate/Deactivate and Delete a Fixed Asset Class, the user can visit the Fixed Asset Class Aids which can be found [[Fixed Asset Class|here]] |
=====Fixed Asset Class View Record===== | =====Fixed Asset Class View Record===== | ||
| Line 142: | Line 148: | ||
|- | |- | ||
|Maintenance Aids | |Maintenance Aids | ||
| − | |[[ | + | |[[Fixed Asset Class Aids]]<nowiki> | </nowiki>[[Fixed Asset Master Aids]] <nowiki>| </nowiki>[[Chart of Accounts Aids]] |
|- | |- | ||
|Financials | |Financials | ||
|[[Depreciation Run Aids]] | |[[Depreciation Run Aids]] | ||
|}<br /> | |}<br /> | ||
Latest revision as of 23:29, 6 September 2021
Contents
Fixed Asset Class
This maintenance screen allows the users to configure and add Asset Class for their General Ledger Accounts.
Requirements before using Fixed Asset Class
- The user should setup the following Maintenance Module in order to proceed on using the Fixed Asset Class
- For detailed instructions on how to setup the needed Maintenance Module, the user may visit the following Job Aid pages:
Fixed Asset Class Record List
File:Fixed Asset Class Record List.png
Fixed Asset Class Record List
Notes:
- Fixed Asset Class is required when creating Fixed Asset Master
- Fixed Asset Class can be used in Fixed Asset Master as long as its status is ACTIVE
- Fixed Asset Class must be ACTIVE in order to simulate it on Depreciation Run.
Adding Fixed Asset Class
File:Adding Fixed Asset Class.png
Adding Fixed Asset Class
| Field | Description | Expected Output |
|---|---|---|
| 1.Code | •Reference Code for the Fixed Asset Class | •Alphanumeric |
| 2.Asset Class | •Asset Class | •Alphanumeric |
| 3.Depreciate | •Checking if the Fixed Asset Class is Depreciating | •Tick/Untick |
| 4.No. of Months use of Life | •Life of Specific Asset Class | •Number |
| 5.Salvage Value | •Price when the Asset is Salvaged | •Number |
| 6.GL Account Asset | •Account where the asset is assigned | •Account List from Chart of Accounts |
| 7.GL Account (Acc Dep) | •Account where the asset is assigned on Accounting Department | •Account List from Chart of Accounts |
| 8.GL Account (Depreciate Expense) | •Account where the asset is assigned when there is a Depreciation | •Account List from Chart of Accounts |
Notes:
- The code field is a unique field, this field cannot be edited once the record is save.
- The accounts from the Chart of Accounts must be active in order to use it on the following fields.
- GL Account Asset
- GL Account (Acc Dep)
- GL Account (Depreciate Expense)
- To check the status of the accounts, the user can visit the Chart of Account Maintenance Module.
- For detailed instructions on how to create a Fixed Asset Class, the user can visit the Fixed Asset Class Aids which can be found here
Editing Fixed Asset Class
File:Editing Fixed Asset Class.png
Editing Fixed Asset Class
| Field | Description | Expected Output |
|---|---|---|
| 1.Asset Class | •Asset Class | •Alphanumeric |
| 2.Depreciate | •Checking if the Fixed Asset Class is Depreciating | •Tick/Untick |
| 3.No. of Months use of Life | •Life of Specific Asset Class | •Number |
| 4.Salvage Value | •Price when the Asset is Salvaged | •Number |
| 5.GL Account Asset | •Account where the asset is assigned | •Account List from Chart of Accounts |
| 6.GL Account (Acc Dep) | •Account where the asset is assigned on Accounting Department | •Account List from Chart of Accounts |
| 7.GL Account (Depreciate Expense) | •Account where the asset is assigned when there is a Depreciation | •Account List from Chart of Accounts |
Notes:
- User cannot edit the code field since it is a unique field upon creation.
- The accounts from the Chart of Accounts must be ACTIVE in order to use it on the following fields.
- GL Account Asset
- GL Account (Acc Dep)
- GL Account (Depreciate Expense)
- To check the status of the accounts, the user can visit the Chart of Account Maintenance Module.
- For detailed instructions on how to edit a Fixed Asset Class, the user can visit the Fixed Asset Class Aids here
Fixed Asset Class Option
File:Fixed Asset Class Option.png
Fixed Asset Class Option
Notes:
- For detailed instructions on how to Import and Export a Fixed Asset Class, the user can visit the Fixed Asset Class Aids which can be found here
Fixed Asset Class Record Option
File:Fixed Asset Class Record Option.png
Fixed Asset Class Record Option
Notes:
- Fixed Asset Class Record must be on ACTIVE status in order to used it when creating or editing a Fixed Asset Master
- This can be seen in Fixed Asset Class Maintenance Module
- For detailed instructions on how to View, Edit, Activate/Deactivate and Delete a Fixed Asset Class, the user can visit the Fixed Asset Class Aids which can be found here
Fixed Asset Class View Record
File:Fixed Asset Class View Record.png
Fixed Asset Class View Record
Notes:
- The user is allowed to edit the details when viewing the record.
- For detailed instructions on how to View a Fixed Asset Class, the user can visit the Fixed Asset Class Aids which can be found here
| Modules | |
|---|---|
| Maintenance | Maintenance | Fixed Asset Class | Fixed Asset Master | Chart of Account |
| Financials | Depreciation Run |
| Job Aid Modules | |
| Maintenance Aids | Fixed Asset Class Aids | Fixed Asset Master Aids | Chart of Accounts Aids |
| Financials | Depreciation Run Aids |