Releasing assets

  1. Select Release Assets.
  2. Specify this information:
    Update
    Select Yes to release all asset additions, adjustments, transfers, and disposals for the company or company group. If you select No, then a report is created that includes all the journal entries, but the assets remain unreleased.
    Transaction
    Select a transaction type.
    Location
    Select the location that is assigned to the asset.
    Division
    Select the division that is assigned to the asset.
    Asset Group
    Select the asset group that is assigned to the asset. This field represents a parent asset number that is used for report grouping.
    Transaction Dimensions
    Select the transaction dimension to concatenate the accounts from the Type, Subtype, and Account Group fields to form Global Ledger accounts.
    Asset Dimension Group
    Select an asset dimension group to identify the class dimensions when you create journal entries for adding, adjusting, transferring, or disposing of assets.
    Asset Type
    Select the asset type. Asset types represent a grouping of similar assets. Asset types are used to group assets into reporting classes and is the default for common asset definition data.
    Creator ID
    Specify the ID of the creator of the asset.
  3. In the Report Distribution section, select a distribution list and export type for these reports:
    • Release Assets Report
    • Release Assets Error Report
  4. Click Submit.