Creating Asset Records from Transactions
The Fixed Assets Management SuiteApp lets you create new assets from transactions that are entered in the system. By default, the SuiteApp searches for new assets from the following transaction types that have accounts that post against a fixed asset account:
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Assembly Build
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Vendor Bill
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Inventory Adjustment
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Inventory Transfer
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Item Receipt
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Journal
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Credit Card
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Check
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Expense Report
On the invoice, journal entry, and vendor bill transaction forms, you can add a related asset to a transaction line in the Items sublist. The system then creates a custom record that is attached to the asset, and becomes available in the asset record’s Income/Expense subtab. The related asset only acts as a reference, no further computation or revaluation is processed.
You can create asset records from transactions in the following pages:
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Asset Proposal
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Asset Creation
You can use both pages, but typically one page is used for each period of asset creation.
Both the Asset Proposal and Asset Creation page uses background processes to create the assets. If there are plenty of assets to be created this may take some time.
For details about creating asset records from transactions, read the following topics:
To monitor the status of the asset creation process, go to Fixed Assets > Background Processing > Status.