Registration of Assets -- 30289

Registration of Assets

To add an asset, you must register currencies for every day of the month, including Saturdays/Sundays and holidays.

The Asset BLOCKING DATE is found in the asset's register.

For example, when you enter 1/1/2000 as the date of asset deployment, its depreciation is calculated up to January 2001. In February, before the Calculation of Depreciation, enter the date 11/30/2001 in this field. This means that, up to the date entered, the system must not calculate the depreciation.

NOTE: This Depreciation Blocking or Unblocking is done in option miscellaneous in

Updates. This option complies with entered parameter settings.

In asset addition, we can have:

Purchase of 100 chairs: you may register a single asset with quantity 100, or a code ca001 item 001, code ca001 item 002, and so forth up to 100, or control it with different codes. If you use the same code with a different item, set the parameter (f10 or f12) to accept a code with the same identification plate.

When you register an asset, enter the asset's ledger account, accrued depreciation account and depreciation expense account. They cannot be the same. If anyone says the account value is duplicated, check whether one of these accounts is the same as another.