Adding Group Member Assets
PeopleSoft Asset Management links each group asset to an asset profile. After the profile is linked to the asset, any group members that are added using that profile are automatically linked to that group asset. Much of the book information appears by default from the profile, as well.
To add group member assets:
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Add a profile for the group member assets.
Be sure to associate this profile with the group asset processing books. Remember, each asset profile that you use for adding group member assets must be used by a single business unit. If you have multiple business units that perform group asset accounting, each one must have a unique set of asset profiles for adding group member assets. In this case, you may want to add a business unit identifier to the asset profile ID to facilitate recognition.
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Using the ExpressAdd component, add a group asset ID.
Use the group asset profile to display the default book information for the asset. Do not add any cost information. Be sure to enter transaction and accounting dates that cover all group member assets. In the Group Flag field, select Group ID.
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Link the group asset ID to the group member profile.
Return to the profile that you created. On the Depreciation page, select the Group Asset ID field. A list appears with all group assets for the business unit. Select the group asset (and all related group members) to link to this profile. You can override the default and enter a different group asset when you add the group members.
Next, add group member assets. Do this online or in a background process. It is recommended that you add group member assets using a background process. This reduces the likelihood of errors, frees up human resources, and saves time.