Transaction Assignment to Assets

Use the Assign Cost to Asset fluid page (or Assign Transactions to Assets classic page) to assign transactions to assets for projects that have an asset identification rule of Manual Identification on the Asset Integration Rules page. You can also view transactions that are eligible for asset assignment.

The purpose of assigning transactions to assets is to specify the transaction costs to include in the cost basis of the asset that is created. The assign process stamps the asset management business unit, profile ID, and asset ID on the transaction row in the Project Transaction table. Alternatively, you can enter the asset management business unit, profile ID, and asset ID on the transaction row by performing one of the following functions:

• Manually assigning transactions by using the Transaction Detail page.

• Using the allocation process.

• Using a system that feeds into PeopleSoft Project Costing.

  Under certain circumstances you can add asset information into the feeder system; thus, transaction rows may already have these values populated. If this is the case, you do not have to reenter the asset information in PeopleSoft Project Costing.