Triggering the Asset Reset Process

The Fixed Assets Management system tracks changes to asset fields used in the depreciation formula, or that affect the DHR data and summarization. When the reset process is triggered, the system deletes the forecast amounts for all affected records.

To ensure that the process runs smoothly, perform the following steps:

The reset process is triggered in any of the following ways:

If Asset Reset is triggered, the following processes are added to the Process Status page. Click the Details link on the process to view the process stage details.

Process

Process Stage

Process Stage Description

Reset Asset

Prepare Data to Reset Records

Gathers changes to the record that affect associated assets or tax methods.

Reset Asset Values

Removes the tag that identifies the record as having forecast amounts.

Delete Old Forecast Values

Deletes old forecast records and summary records with no associated records.

Note:

Forecast values are created when the system runs the script to generate the depreciation schedule. You can manually run the script or change its schedule. For more information, see Managing Fixed Assets Scripts.

Related Topics

General Notices