Asset valuations

The first step in tracking the value of an asset is to create an asset valuation record for it. Asset valuations are based on the initial cost of an asset and are used to track changes in the asset's value over time due to depreciation, revaluation, or capital expenditures.

You can also track multiple valuations for the same asset by assigning each valuation to a separate book. You can also link valuations for related assets.

See Adding an asset valuation book and Linking asset valuations.

After you create an asset valuation record, you can add it to a valuation group and perform depreciations and revaluations. You can measure asset depreciation as a constant amount each year (straight line depreciation) or as a fixed percentage each year (reduced balance depreciation). You can also direct Infor Public Sector not to calculate an asset's depreciation, such as for assets that don't depreciate or assets whose values change due to revaluation or revenue. If an asset has been sold or disposed of, you can record its disposal or sale information.