Asset Management

Create AssetBookDefaults to store book for assets

This new feature will introduce the setup files to provide for the defaulting of asset book values such as Life, Method, Convention, as well as multiple additional tax reporting oriented field such as a section179 flag a listed flag and others.

Setup menu items added are Book Regulation which is assigned to Book and identifies a default regulation for each book.

Program/Business class/Process affected:

Setup menu items added include:

• Book Regulation: This is assigned to each Book to identifies a default regulation for each book.
• Asset Guideline Class: These establish a list of assets for which defaults can be created for each book regulation. The Guideline Class is assigned to assets in a new field.
• Asset Guideline Class Regulation: Contains the defaults identified using the book regulation and asset guideline class.

Use these steps to test the enhancement:

After creating the setup components the fields which provide this defaulting functionality will become available. Create a new asset and assign its guideline class. create items and if the book is required it will obtain all necessary values form the Asset Guideline Class Regulation.

This functionality is also enabled on the import process as well as the asset template.