Using the Asset Quantity

In order to dispose of part of an asset, the asset must have an asset quantity posted to it using Ledger Entry (LEN).

To record asset quantities in Ledger Entry (LEN), the following configuration must previously have been defined:

  • On the General tab of Ledger Setup (LES), the Use Asset Quantity check box must be checked.
  • A Ledger Entry (LEN) form that includes the Memorandum Amount must be made available using Form Designer (FRD). The Memorandum Amount is used for entering the asset quantity.
  • Non-Currency Value Post Rule on the Memo Value tab of Business Unit Setup must not be set to 0-Undefined.
  • Memo Post Rule Override in the special Journal Types Setup (Posting Overrides) form must not be set to 0-Undefined.