1. Using Assets
  2. Overview of Using the Assets Landing Page

Overview of Using the Assets Landing Page

This overview outlines the infotiles on the Assets landing page to manage your daily work.

The Assets landing page contains the following infotiles:

  • Additions

  • Adjustments

  • Transfers

  • Retirements

  • Depreciation

The number against each status depicts the number of transactions that require action.

Additions

The Additions infotile depicts the number of transactions that require action. Transactions that require action are assigned one of the following three statuses:

  • Incomplete

  • Exceptions

  • Ready to Post

The number against each status depicts the number of transactions that require action.

After you enter any required information, set the status to Post, and fix any exceptions, all of your transactions should be in a status of Ready to Post. You can then post the assets by clicking Post All. You can also use a spreadsheet to update the transactions and then post your assets directly from the spreadsheet.

You can review the posted assets by clicking the Notifications icon, then clicking the most recent link. The link opens the Asset Inquiry page, where you can review your posted assets. You can also review reports and accounting entries on the Asset Inquiry page.

Adjustments

The Adjustments infotile displays adjustments that are in progress. You can compare the old details with the updated details by clicking the Information icon to open the old details. For example, the old details show a life in years of 2 and the updated details show a life in years of 3.

Transfers

The Transfers infotile displays the details of the assets that you're transferring. You can compare the old details with the updated details by clicking the Information icon to open the old details. For example, the old details indicate that the asset isn't assigned to an employee, but in the updated details, the asset is assigned to an employee named Hunter Flores.

Retirements

The Retirements infotile depicts the number of transactions that require action. Retirement transactions that require action are assigned one of the following three statuses:

  • Incomplete

  • Exceptions

  • Ready to Post

After you enter any required information and fix any exceptions, all of your transactions should be in a status of Ready to Post. You can then post the retirements by clicking Post All. You can also use a spreadsheet to update the transactions and then post your assets directly from the spreadsheet.

Depreciation

When you complete the actions on the Additions, Adjustments, Transfers, and Retirements infotiles, you can run the Calculate Depreciation process. Use the infotile to either:

  • Run the Calculate Depreciation process

  • Run the Calculate Depreciation process and close the period

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