Prerequisites

To enable group asset processing, you must first set it up at the system and business unit book levels. To set up group asset processing:

1. Select Set Up Financials/Supply Chain > Install > Installation Options > Asset Management and then select the Group Asset Processing check box.

2. Add or select a business unit and books for group asset processing.

   You can use any book or business unit for group asset processing.

3. Associate the books with the business unit, and enable group asset processing at the business unit book level.

   You must also select the ChartFields that the system will use to store depreciation records and subsequently charge with depreciation accounting entries.

   Because group asset processing is enabled at the book level, a business unit might track assets in both a group asset processing book and another book that does not have group asset processing enabled. An asset would appear exactly the same in both books, but transactions would be processed differently. PeopleSoft Asset Management enables you to track assets in each of the books. Also, you can add a regular asset to the business unit that has group asset processing. The system prompts you to confirm that you want to add the asset as a regular asset.