Processing tasks

Adjustment Processing

The Asset Management application lets you adjust asset and asset book information for multiple assets. You can adjust some information by asset, including:

• Work in process

• Simulated

• Tax exempt

• Used

• Type

• Account group

• Accounting unit

You can adjust other information by asset book, including:

• Method

• Life

• Remaining Life

• In-service date

• Convention

• Status

• Life years

Transfer Processing

Asset Management lets you transfer whole or partial individual assets. You can also transfer multiple assets in one operation.

You can transfer individual assets to another:

• Company

• Asset group

• Location

• Location detail

• Division

• Type (or type and subtype)

• Account group

• Accounting unit group

• Default accounting unit

You can transfer multiple assets at one time to another:

• Company

• Location

• Division

• Type (or type and subtype)

• Asset group

Disposal Processing

Asset Management lets you dispose of whole or partial individual assets. You can also dispose of multiple assets using a mass approach. You can allocate the total proceeds based on the net asset value or based on the original depreciable basis of the assets.

You can reinstate any disposed assets within the year in which it is disposed. You cannot reinstate an asset disposed in the previous year.