Asset Close dashboard

Before performing period or year-end close activities, use the Asset Close dashboard in Asset Accounting to review asset readiness, verify the required processing steps, and identify any outstanding items that must be resolved.

You can disable the system close control so that the Asset system and Global Ledger systems are closed independently. When the system close is enabled, the asset system must be closed before GL can be closed for a given period. You can provide a valid entry date range for the subsystem.

You can use the Asset Close dashboard to view all elements of the asset system that must be considered during a close cycle.

Panel Description
Company Cardview This pane provides information from the company system close control:
  • Asset company
  • Accounting entity
  • Current period
  • Control status (Active or Inactive)
  • Valid entry date range
Company This pane provides these details:
  • Identifies the last accounting entity period closed
  • Released indicates the asset release has been performed. Click Release Assets to release the assets. See Releasing assets.
  • Depreciation Calculated indicates current period depreciation has been calculated. Users can also hover over the information icon and a message is displayed on whether the close books are defined or not.
  • Asset Period Closed indicates the asset period is closed for the current accounting entity period. In the Close Dashboard tab, click Close Period to close an asset period. Users can also hover over the information icon and a message is displayed on whether the close control is active or inactive. See Closing an asset period.
  • The year end in progress indicates that the last asset period for the asset company has been closed but the asset year end close has not been run
Books This pane provides book calendar level detail:
  • The current period of the book
  • The close ledger current period
  • Displays the depreciation approval status of the book.
  • If the book is a posting book, Posting Book is displayed
  • If the book is a close book, Close Book is displayed
  • Asset Additions is a link that shows assets added in the current year
  • Asset Disposals is a link that shows asset disposals for the current year
Unreleased Assets All assets must be released before the system can be closed. The unreleased assets panel shows the assets and provides access to the release and delete actions.
In-Process Assets

In process assets require attention before the system can be closed. These include unreleased transfers, disposals, revaluations, adjustments, and impairments.

Release and Reset actions are available for these records
Interfacing Assets

Assets that are in the asset interface file do not affect the close process.

Interfaced records are included on the dashboard for reference.
Asset Imports Asset imports do not affect the close process. They are included on the dashboard for reference.