Fixed Assets
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Manage Fixed Assets
Fixed Assets are added to the Asset Register as they are acquired or at a minimum, at the end of a fiscal period. At the end of a fiscal period or ...
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Fixed Assets End of Month and Year Processes
To close the Fixed Assets period at the end of the month or the end of the year, review the below: Depreciate - Run the depreciation process for t...
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Configure CIP Cost Accounts for Fixed Assets in Progress
When adding assets to the fixed asset register, which have the type “In progress”, e.g. when building or remodeling a new arena, two additional GL ...
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Assign User Defined Fields (UDFs) to Fixed Assets
You use user defined fields (UDFs) to gather additional information about a fixed asset. The minor asset group assigned to the fixed asset determin...
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Posting Asset Import Batches
When posting Asset Import batches; after generating you will need to not only click the Post icon but after that you will then need to highlight th...
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Link a Purchase Order Item to a Fixed Asset Item
When adding a purchasing order, you can link the purchase order item to a specific asset. In the Add Purchase Order Item screen, there is a field n...
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Asset Import Template
You will find attached the Assets import format, as well as the csv template file for testing. Note: To use this csv file, the MM/DD/YYYY date ...
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Create an Asset From a Supplier Invoice
Asset import from your Supplier invoice Accounts Payable > Voucher Processing: create a new voucher to buy a new asset Select the GL Account. ...
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Prepare a Depreciation Forecast
From the main menu, select Asset Transactions. Add a new Asset Batch, selecting ‘Depreciation Forecast’ as the type. Click the ‘Generate’ icon. Ent...
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GL Accounts for Depreciation
The GL accounts used when generating depreciation journal entries are determined first by what is set up for the Minor category assigned to the ass...
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What is the Difference Between the Two Depreciation Allocations?
Under Fixed Assets > Fixed Assets Configuration On the General Tab, how do I know when to use the Periodic method over the daily method? Periodic...