This guide describes how to set up and manage your financial data in the Assets Consolidated Application.

Use Asset Accounting to manage the depreciation and reporting requirements to satisfy general ledger, tax, and other depreciation books for assets. You can manage adjustments, transfers, disposals, and the transfer of assets from one company to another.

You can create individual assets in the application by manually defining required data for each asset or by using an addition template to complete some of the fields.

A leased asset is an asset that is associated with a lease.

Assets are added to the database based on the data that is interfaced.

After an asset is created and released, you can update or adjust the asset data using asset additions and adjustments.

After you have created and released an asset, you can move the asset to a new company, location, or division by transferring the asset.

You can dispose a full or partial asset from the Asset Accounting application or from a handheld terminal.

The process of closing an asset period includes these actions:

Use the Infor barcoding application to add, transfer, inventory, and dispose of barcoded assets from a handheld terminal (HHT).

If barcoded assets are part of a physical inventory, then you can perform an inventory to match the inventory with the asset data.

The file maintenance procedures are purging files, purging books, and rebuilding depreciation history.

Asset information for reporting is located throughout the navigation menus. In addition, you can create a report from any list.