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Fixed Assets Fields | |||
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Column Name | Description | ||
Asset No | System generated control name for the asset - created on Save | ||
Asset Description | Allows user to add a description for the asset - ie: tractor trailer | ||
Department | Department name | ||
Location | Location should show the Default location based on Location setup in System Manager | Users| Menu - Entity Screen |User| Detail tab - Default Location
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Serial Number | Serial number of asset | ||
Date Acquired | Date the asset was acquired/purchased - should lock when depreciating or retiring | ||
Placed in Service | Date the asset was placed in service and depreciation should begin - should lock when depreciating or retiring.
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Depreciation Method | The method of depreciation chose for the asset - ie: Straight line, Double Declining Balance, ACRS, MACRS, Sum of Years | ||
Default Cost | Cost of Asset at time of acquisition/purchase | ||
Forex Rate | domestic currency | ||
Currency | Currency should show based on selected currency in System Manager | Company Configuration | System Manager tab - Functional Currency Can be overridden with any valid currency | ||
Default Salvage Value | Value of the asset at end of life basis = market value - salvage value | ||
Basis Description | Free form text field for reporting - ie: Impaired asset | ||
Asset Info frame: | |||
Serial No | |||
Notes | Any notes for the asset - ie: This tractor should only be used in the spring | ||
Market Value | Current value of the asset - serves as a reporting and memo field | ||
Insurance Value | Value for insurance, used for reporting | ||
Pool ID | User defined | Basis Description | Free form text field for reporting - ie: Impaired asset |
Manufacturer Name | User entered - manufacturer name of asset | ||
Model No | User entered - model number of asset | ||
Import frame: | |||
Imported | Checkbox | ||
Imported Dep Thru Date | |||
Depreciation Tax to Date | |||
Depreciation GAAP to Date | |||
Legacy Id | |||
Disposal frame: | |||
Disposition Date | System maintained -
| ||
Disposition No | Transaction number that records the disposition in GL | ||
Disposition Comment | User text | ||
Disposition Amount | Value recovered on disposition - user entered upon disposition | ||
Pool ID | User defined field for reporting | ||
Accuident | Identity field to link to Origin - read only | ||
GL Account tab: | |||
Asset Account No | GL Lookup on all accounts that are in the General category (Standard account lookup linked to GL Module) | ||
Offset Account No | GL Account used as the offset when an asset is created. | ||
Depreciation Expense Acct No | GL Account linked to the Depreciation account in GL - should select accounts from the general category | ||
Accum Depreciation Acct No | GL acount linked to the Depreciation account in GL - should select from the general category | ||
Manufacturer Name | User entered - manufacturer name of asset | ||
Gain/Loss Acct No | GL acount linked to the Gain/Loss account in GL - should select from the Revenue category | ||
Asset Status frame: | Model No | User entered - model number of asset | |
Acquired | Determines if the initial entry to book the asset has been made | ||
Depreciated | This is flagged when the first depreciation entry is made | ||
Full depreciated | This is flagged when no more book or tax depreciation is available. (this is for reporting) | ||
Disposed | This is flagged when the disposal entry has been made(this is for reporting) | ||
? | At any one time users can select the "?" to get help on forms and fields |
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