MANAGE ASSET MASTER INFORMATION

Which screens should I set up during initialization and in which order?

The following items should be set up in the order listed, as applicable, before you begin to add data for an Asset Master or Asset Template record.

We also recommend that you refer to the more extensive documentation pertaining to each of the Fixed Assets setup items for additional information.

Property Types

Set up required property types on the Manage Property Types screen. Property types are user-designated property categories, such as personal, real, government, and so on, that are assigned to each asset record.
Classification Codes

Set up required classification codes on the Manage Classification Codes screen. Classification codes are user-designated classifications, such as automobiles, computers, equipment, and so on, that are assigned to each asset record.
Subclass Codes

Set up optional subclass codes on the Manage Subclass Codes screen. Subclass codes are user-designated sub-categories that can be used to give more descriptive information. For example, you had defined "Vehicles" as a classification code, you might define subclass codes as "Trucks", "Automobiles", "Vans", and so on, to enhance the sorting potential for your asset records.
Depreciation Methods

Set up required depreciation methods on the Manage Depreciation Methods screen if you plan to enter data for depreciable assets. The Depr Method Code field is a system-required validated entry for depreciable records in the G/L book Info tab in an Asset Master record and/or in an Asset Template.
Asset Master Field Labels

Set up optional location code and government labels on the Manage Asset Master Field Labels screen. Use the location code and government label and data entry functionality to record additional information that may be specific to your company but for which there are no system-defined standard fields available. Three location labels are available in which to establish user-defined categories, such as "Building", "Room No", "Bin No", and so on. Fifteen government labels are available in which to establish user-defined categories, such as "Contract #", "Funding Source", and so on. You can use the corresponding optional data fields on this screen and Asset Template screens without first establishing labels for these fields. You may find, however, that screen inquiries and reports that use this data are more meaningful when appropriate labels have been designated for these fields.
Location 1, 2 and/or 3 Codes

Set up optional location codes on the Manage Location 1, Location 2, and/or Location 3 Codes screens. Use the location code data entry functionality to record additional location information that may be specific to your company but for which there are no system-defined standard fields with the desired terminology (such as "Building", "Room No.", "Bin No", and so on.).
Location Groups

Set up optional location groups on the Manage Location Groups screen. Use the location group functionality to identify and establish sets of location data that you can summarize into location "templates" (such as sites or other specific physical locations). Because many assets often share basic location data, the location group template makes location data entry more efficient on this screen and on the Asset Template records.
Asset Master User-Defined Labels

Set up optional user-defined field labels on the Manage Asset Master User-Defined Labels screen. Use the user-defined label and data entry functionality to record additional information that may be specific to your company but for which there are no system-defined standard fields available. You can establish labels for four types of user-defined fields: Date, Number, Text, and Validated Text and set up a virtually unlimited number of labels. Unless you have designed a user-defined label as "Required" for data entry on this and on the Asset Template screens, user-defined data is normally optional. The use of validated text user-defined fields requires that you either specify the acceptable text options in advance via the Validated Text subtask link on the Manage Asset Master User-Defined Labels screen or that the validation occur against a user-specified selection from a pre-defined list of Costpoint tables and fields.
Validated Text for User-Defined Fields

If you want to use optional user-defined validated text values, set these up in the Validated Text subtask link on the Manage Asset Master User-Defined Labels screen. Use validated text values to control the allowed (validated) data that can be entered. You can alternately bypass this subtask link and instead specify that validation occur against a defined Costpoint table and field.
Asset, Depreciation Expense, Accumulated Depreciation and Gain/Loss Accounts
In your Costpoint Chart of Accounts, set up and link the account combinations on the General Ledger (G/L) screens that you will use in your asset master and asset template records. If you use reference numbers, set these up as well. The four types of G/L accounts used in Fixed Assets include:
- Asset Accounts — The Acct-Org-Proj-Ref1-Ref2 combinations assigned as Asset accounts represent property "ownership." Asset accounts can include balance sheet combinations (for company-owned property), project combinations (for property that should be identified with a contract), and/or expense account combinations (for tracking items not capitalized). A valid asset account combination that consists of both an account and an organization (at a minimum) is system-required in both an asset master and asset template record for all types of depreciable and non-depreciable property.
- Depreciation Expense Accounts — The Acct-Org-Proj-Ref1-Ref2 combinations set up as Depreciation Expense accounts specify where depreciation expense will be posted for depreciable assets. You can allocate depreciation expense for a single asset record to multiple depreciation expense account combinations. As a result, you must set up one or more depreciation expense account allocation codes that define the account combinations and allocation percentages for depreciation expense. Once you have established your "catalog" of depreciation expense account allocation codes, you can assign them to depreciable assets on a record-by-record basis, as desired. The item for Depreciation Expense and Allocation Codes in this initialization list refers to the setup of depreciation expense account allocation codes. A valid depreciation expense account allocation code that maps to at least one combination consisting of both an account and an organization (at a minimum) is system-required in both an Asset Master and Asset Template record for depreciable property.
- Accumulated Depreciation Accounts — The Acct-Org-Proj-Ref1-Ref2 combinations set up as Accumulated Depreciation accounts specify where the offset to depreciation expense will be posted for depreciable assets. (These accounts are normally set up as offsets to the balance sheet asset accounts). You must set up an accumulated depreciation account code to represent each Acct-Org-Proj-Ref1-Ref2 combination to which you will post accumulated depreciation to. Because many asset records share the same accumulated depreciation account number combination, the ability to identify each combination with a code enhances the efficiency of data entry. The Accumulated Depreciation Account Codes in this initialization list refers to the setup of accumulated depreciation account codes. A valid accumulated depreciation account code that maps to a combination which consists of an account and an organization (at a minimum) is system-required in both an Asset Master and Asset Template record for depreciable property.
- Gain/Loss Accounts — The Acct-Org-Proj-Ref1-Ref2 combinations set up as Gain/Loss accounts specify where gain or loss on the disposition of depreciable assets will be posted. A gain/loss account combination is required when you enter disposal data on the Manage Disposal Transactions screen. You can designate a default Gain/Loss account on the Configure Fixed Assets Settings screen.
Accumulated Depreciation Account Codes

Set up accumulated depreciation account codes on the Manage Accumulated Depreciation Account Codes screen if you plan to enter data for depreciable assets. Each Accumulated Depreciation Account Code specifies an Acct-Org-Proj-Ref1-Ref2 combination to which the offset to depreciation expense will be posted for depreciable assets. The Code field in the Accumulated Depreciation Account group box is a system-required validated entry for depreciable assets in an Asset Master record and/or in an Asset Template.
Depreciation Expense Account Allocation Codes

Set up depreciation expense account allocation codes on the Manage Depreciation Expense Acct Allocation Codes screen if you plan to enter data for depreciable assets. You can allocate depreciation expense from a single asset record to multiple depreciation expense account combinations, based on percentages. Each Depreciation Expense Account Allocation Code specifies the Acct-Org-Proj-Ref1-Ref2 combinations and allocation percentages to which depreciation expense will be posted for depreciable assets. Once you have established your "catalog" of depreciation expense account allocation codes, you can assign them to depreciable assets on a record-by-record basis, as desired. The Depr Expense Acct Alloc Code field is a system-required validated entry for depreciable assets in an Asset Master record and/or in an Asset Template.
Disposal Types

Set up optional disposal types on the Manage Disposal Types screen to define disposal type codes to link with your asset records when you enter disposal data. For example, set up codes for disposal types such as "Scrapped", "Obsolete", "Stolen", and so on, to enhance the sorting potential for your asset records. The Disposal Type field is an optional validated entry on the Manage Disposal Transactions screen.
Manage Fixed Assets Fiscal Years and Manage Fixed Assets Accounting Periods
Regardless of the date of purchase or Fiscal Year basis assigned to your depreciation methods, you must establish your accounting periods and fiscal years in Fixed Assets. The system refers to this data when computing current period or projected depreciation. Three separate screens are available to enable the setup of Fixed Assets Fiscal Year/period data, as follows:
You should, at a minimum, enter data for the current fiscal year and data for the next two future fiscal years in Fixed Assets. If you do not set up this information before you compute depreciation, incorrect data may display in your Asset Master records after the system has computed depreciation.

You can manually enter data on the Manage Fixed Assets Fiscal Years and the Manage Fixed Assets Accounting Periods screens or you can use the optional Update FA FY/Pd Information from GL FY/Pd Information screen to automatically populate these screens with fiscal year/period data that already exists in your General Ledger.

You need not set up future fiscal years and periods in the General Ledger for Fixed Assets use, because functionality for both current and future fiscal year/period data resides in its entirety in Fixed Assets to accommodate the computation of current period and projected depreciation expense.

Fiscal year/period data in Fixed Assets is not validated against data in the General Ledger. Although the system permits Fiscal Year/Period data in Fixed Assets that is inconsistent with G/L data, use extreme caution when entering different data or editing existing data. To avoid potential Fixed Assets calculation, posting, and closing problems, Fiscal Years/Period data in Fixed Assets should be identical to existing data set up for comparable fiscal years/periods in your General Ledger. The system will verify that the current fiscal year and periods from Fixed Assets are consistent with G/L data and will display a message if this is not true.

When posting depreciation/disposal data from Fixed Assets, however, the system will always use the fiscal year/period data from the General Ledger.

Special Circumstances:
1. Date of Purchase Basis Depreciation Methodology and the 'Catch-Up' Calculation Option
If you have assigned a Date of Purchase basis to one or more depreciation methods on the Manage Depreciation Methods screen and you have also selected the Added to current period amount option in the depreciation 'Catch-Up' calculation for prior periods in the current depreciation (PY or FY) on the Configure Fixed Assets Settings screen, a warning message will display that will inform you that historical fiscal year and period data on the Manage Fixed Assets Fiscal Years and Manage Fixed Assets Accounting Periods screens must be set up.

You should set up the historical year and period data on a one-time basis for each year specified in the depreciation start date assigned to your Asset Master records for which there is remaining book value for depreciation computation purposes, (For reporting purposes, you should set up year and period data going back in time for each Acquisition Fiscal Year/Period assigned to Asset Master records that should be included in reports. (Make sure that you insert the earlier fiscal years into the Manage Fixed Assets Fiscal Years screen instead of using the New Record function.)

Alternately, if you do not want to add historical fiscal year and period data on the Manage Fixed Assets Fiscal Years and Manage Fixed Assets Accounting Periods screens for depreciation computation purposes, you can change the 'Catch-Up' calculation option on the Configure Fixed Assets Settings screen to Spread among remaining periods in PY or FY.
1. Compute/Update Depreciation Computation Data Utility
Blanks will display (in the Curr Depr Yr and Days/Pds Remaining fields) in the report produced by running the Compute/Update Depreciation Computation Data utility for any record for which no corresponding FY/Pd data is found on the Manage Fixed Assets Fiscal Years and Manage Fixed Assets Accounting Periods screens for the fiscal year indicated in the Depr Start Date field(s) on Asset Master records.

If you plan to use the Compute/Update Depreciation Computation Data utility to verify (and optionally update) data in the Depr Start Date, Current Depr Yr, and Days/Pds Remaining fields for your historical assets, you must also set up FY/Pd data in Fixed Assets for the historical fiscal years that correspond to the Depr Start Date field(s) from Asset Master records, as applicable.
- Project Depreciation Calculations
To compute projected depreciation expense, you must add Fixed Assets fiscal year/accounting period data for each future year for which you will compute projected depreciation expense.
Configure Fixed Assets Settings
Enter control information in the following critical fields:
1. No., Book Name and Description in Books Detail group box
2. Length of Asset Number field
3. Enable automatic numbering for Asset Master records check box
4. System-Wide Configuration for Depreciation Calculations group box
5. System-Wide Configuration for DP Basis Depreciation Methods group box
For more information, please refer to the documentation for the Configure Fixed Assets Settings screen.

Because these critical fields establish your system configuration for depreciation calculation rules and in many data entry screens, make certain that you first read the documentation for these fields before you finalize your selections. Decide on your configuration options carefully during your initialization planning. In most cases, once you have selected the configuration and have begun depreciating in the system, you cannot change your selection without extensively editing the asset data.

If you want to set up a default Gain/Loss account for the G/L Book and/or a default Asset Template at this time, you may do so. Alternately, you can safely add this optional data at any time after initialization.
Configure Posting Settings

Specify the current Fixed Assets fiscal year, period, and subperiod to which depreciation disposal data and asset transfers will be posted to the General Ledger on the Configure Posting Settings screen. Unlike the rest of Costpoint, there can only be one fiscal year, period, and subperiod designated as current in Fixed Assets.

Decisions relative to the field entries in this screen are very important to system processing, and you should be very careful to initialize these fields correctly. You cannot change the data in the Current Fiscal Year and Current Period fields after you have posted depreciation disposal entries and/or transfers to the General Ledger for the first time. You can, however, change the Current Subperiod field at any time, because it relates only to the posting timing.

Once you have entered data in these fields and posted to the G/L for the first time, you will need to run a special process to close the Fixed Assets accounting period on the Close Fixed Assets Accounting Period screen. When you close the Fixed Assets period, the process will automatically populate the Current Fiscal Year and Current Period fields with the next sequential data. The system will automatically populate the Current Subperiod field in this screen with "1" as the default subperiod. If you have set up more than one subperiod, you can always edit this field to specify in which of your subperiods Fixed Assets postings should take place.

The system validates the fiscal year, period, and subperiod on this screen against existing data in the General Ledger only during the posting process to the G/L. Although we recommend that the data on the Manage Fixed Assets Fiscal Years and Manage Fixed Assets Accounting Periods screens should be consistent with the Fiscal Year/period data in your G/L, if there is a discrepancy the system will validate against your G/L data.

Historical depreciation is usually entered based on a pre-determined "live" date that corresponds with the date that balance sheet amounts were "frozen" for data entry. If your initialization date slips, which is often the case, you should make certain that you adjust the Current Fiscal Year and Current Period fields on this screen (as well as your historical data) before the first posting to the G/L takes place.
Tracking Field Labels
Set up optional labels in the Manage Tracking Field Labels screen, as desired.

Use the tracking field label and data entry functionality to optionally enter additional inventory, maintenance, and transfer tracking data for your property records. You can enter optional tracking data on the following screens:
Although you can establish the labels at any time, you cannot enter the actual inventory, maintenance, and transfer data for a record until you have added the Asset Master for the record.

You can set up inventory tracking labels for up to eight additional user-defined inventory categories, such as "Counted By", "Condition", and so on.

You can set up maintenance field labels for up to nine additional user-defined maintenance categories, such as "Type", "Vendor", "Cost", and so on.

You can set up transfer tracking labels for up to eight additional user-defined transfer categories, such as "Fld Chngd", "From", "To", "Reason", and so on.

You can use the corresponding optional inventory, maintenance, and transfer data fields without first establishing labels for these fields. You may find, however, that screen inquiries and reports that use this data are more meaningful when appropriate labels have been designated for these fields.

You will most likely find that the new change/audit trail functions available for transfers in Fixed Assets are more powerful and flexible than the older transfer functions available from the Transfer Records menu. Make sure that you read the item, Enable Audit Trail Functionality in this initialization list to determine the capability that will work best for you.
Enable Audit Trail Functionality
You can use the Configure Asset/Template Change Settings screen to select specific actions to be performed by the system when you capture and store change data for fields/columns in the Asset Master and/or Asset Template records.

You must first decide if you want the system to capture change data at all and, if so, whether you want to capture change data for Asset Master records, Asset Template records, or both. The system can capture the:
- Asset/template record identifier
- The name of each changed field
- The old data as it existed before the change
- The new data after the change
- Information on the user who performed the change
- The date and time of the change
In order for the system to capture change details, you must select the desired fields/columns in the Asset/Template Field/Column Names subtask of the Configure Asset/Template Change Settings screen before you make changes to Asset Master and/or Asset Template records.

Each check box that you select in the Asset/Template Field/Column Names subtask signifies that you want to capture data for that field for an Asset Master and/or Asset Template record each time you make a change to that data, regardless of the screen in which the change was made.

Special Circumstances:
1. Table Sizes
The tables that store the change data have the potential to become very large, depending on how many fields you select and how many changes you make to Asset Master/Template records. As a result, the default status for all check boxes for all rows in the Asset/Template Field/Column Names subtask have all been initially set as cleared.

To limit the size of the audit log tables, you will probably select specific check boxes rather than all check boxes. You should capture change data for the fields you consider most significant, such as depreciation method, current period depreciation expense amount, location, and so on. You may decide not to capture change data for more insignificant data changes, such as spelling corrections made to description fields, and so on.

Once the change details have been captured, use the View Asset Change History screen to view change data from the Asset Audit Log and the View Template Change History screen to view change data from the Template Audit Log. Use the Print Asset/Template Change History Report screen to print change data reports from the Asset Audit Log or the Template Audit Log.

If the change storage tables become too large, you can perform a selective purge from the Purge Asset/Template Change History screen.
1. Transfer Functionality
You can also use the Configure Asset/Template Change Settings screen to create G/L transfer entries for posting to the General Ledger. With the proper advance setup, the system can generate transfer entries automatically when you make changes to the asset (ownership) account, organization, and project fields and/or in the accumulated depreciation account code in an Asset Master record.
Enable Autocreation Functionality
You can use the autocreation screens in Fixed Assets to manage the setup and functions of the optional autocreation feature. This feature can automatically create Asset Master records by importing data from Purchasing, Receiving, and/or Accounts Payable, thus reducing the need for duplicate data entry in Fixed Assets.

To use the autocreation feature, you must perform the following initialization steps:
1. If you are licensed for Purchasing and Receiving, select the preferred asset/item numbering configuration from the Configure Default Autocreation Asset Numbering screen and the preferred defaults in the Configure Autocreation Settings screen.
2. On the Manage Autocreation Accounts screen, enter the Account/Organization/Project/Ref1/Ref2 combinations and/or wild card combinations for which it is permissible to create Asset Master records. You must assign a Receipt or Posting Timing Code to each row to signify whether data should be captured at time of Receipt or at time of A/P Posting.
3. On the Configure Fixed Assets Settings screen, select the Enable automatic numbering for Asset Master records check box and enter the appropriate data in the Last Asset Number field.
Once initialization is complete, you will perform the additional operational steps for autocreation functionality.
Asset Templates

Use the optional template functionality to establish sets of default data for property that shares common characteristics by entering this data on the Manage Asset Template Information screen.

A template functions only as the mechanism by which template data can be automatically imported into an Asset Master record. Once the data displays in the Asset Master record (after import), you can edit it on a field-by-field basis, if necessary, and there is no additional functionality for the template.

The primary role for the Asset Template is to reduce the amount of repetitive manual data entry in Asset Master records that share mutual attributes. Another important advantage in the Asset Template functionality lies in the ability to incorporate consistent descriptions and data across property records, thus enhancing the quality of tracking and reporting functions within the system.
Compute/Update Depreciation Computation Data

Use this optional utility from the Compute/Update Depreciation Computation Data screen to assist you in verifying the relationship of the Depr Start Date field to the Curr Depr Yr and Days/Pds Remaining fields in your Asset Master records. The relationship of initialization data in these fields is critical to the accurate calculation of depreciation (as is the data in the Amt Taken Purchase YTD field for users whose depreciation methods employ a Date of Purchase basis).

This utility should be especially helpful when you are initializing historical data. Data entry in the Curr Depr Yr and Days/Pds Remaining fields in Asset Master records is particularly prone to error due to misinterpretation of the system "rules" for these fields and/or because of missing/inadequate historical data.

The Update process is similar to posting routines in that you must first print the report before you can update. Never run the Update process as a matter of routine unless you agree with the system field changes that will take place for each Asset Master record.

The Compute/Update Depreciation Computation Data utility produces a report based on the depreciation start date. The system first prints a side-by-side comparison of both the current values displayed in the Asset Master record and the values that the system computed for the Curr Depr Yr and Days/Pds Remaining fields, by book. Once the report has printed, the system displays a message which says that the report has been printed and will ask you if you want to update the data. The update will apply the system-computed vales to the Asset Master records. The process updates the existing data in the Curr Depr Yr and Days/Pds Remaining fields by replacing the existing data with the system-computed values.

For new Asset Master records, the system will automatically compute the values in the Curr Depr Yr and Days/Pds Remaining fields (provided you have not entered data in these fields) when depreciation is computed for the first time, based on the date in the Depr Start Date field.

Because the Update portion of this utility will overwrite your existing data with system-generated data, always carefully review and agree with the reported results on a record-by-record basis before updating
Compute/Update Amt Taken Purchase YTD

Use this optional utility from the Compute/Update Amount Taken Purchase Year-To-Date screen to assist you in verifying the relationship of the value in the Amt Taken Purchase YTD field to the value in the Curr Depr Yr and Days/Pds Remaining field. This utility will verify/update Asset Master data only for books in which the assigned depreciation method uses a Date of Purchase basis and whose depreciation start date is before the current Fixed Assets posting Fiscal Year, Period, and Subperiod. (For assets in the first period of a purchase year, the Amount Taken Purchase YTD value will be automatically display as zero.)

This utility should be especially helpful when you are initializing historical data. Data entry in the Amt Taken Purchase YTD field in Asset Master records is particularly prone to error due to misinterpretation of the system "rules" for this field and/or because of missing/inadequate historical data. Initialization data in the Amt Taken Purchase YTD field is critical to the accurate calculation of depreciation (as is the data in the Curr Depr Yr and Days/Pds Remaining fields).

The verify and update portions of this utility follow methodologies similar to those on the Compute/Update Depreciation Computation Data utility, except that this utility computes and compares values in the Amt Taken Purchase YTD field in Asset Master records (instead of the Curr Depr Yr and Days/Pds Remaining fields).

For new Asset Master records, the system will automatically initialize and update the values in the Amt Taken Purchase YTD field in Asset Master records (provided you have not entered data in these fields) when you close the current accounting period.

Because the Update portion of this utility will overwrite your existing data with system-generated data, always carefully review and agree with the reported results on a record-by-record basis before updating

Which system-required Asset Master fields automatically display default values for new records?

Some system-required fields in an Asset Master record automatically display default values, even if you have not specified the use of an Asset Template. These fields are specified on the following table.

Field Name	Default Value	Screen/Tab/Subtask Name
Record Status	Active	Desc Info tab
Depr Status	Depreciable	Desc Info tab
Depr Based on	Years	Desc Info tab
Condition	New	Purchase Info tab
Auto Calculate Depreciation	Yes (Check box selected)	G/L Book Info tab

In addition to system-provided defaults, which data fields are required for an Asset Master record, prior to saving?

Field Name	Tab/Subtask Name
Property Type	Desc Info tab
Classification Code	Desc Info tab
Fiscal Year	Purchase Info tab, Acquisition group box
Period	Purchase Info tab, Acquisition group box
Subperiod	Purchase Info tab, Acquisition group box
Asset Account	Account Info tab, Asset Account group box
Asset Organization	Account Info tab, Asset Account group box
Asset Project	Account Info tab (if applicable), Asset Account group box
Ref 1	Account Info tab (if applicable), Asset Account group box
Ref 2	Account Info tab (if applicable), Asset Account group box
Code	Account Info tab (if asset is depreciable), Accumulated Depreciation Account group box
Depr Expense Acct Alloc Code	Account Info tab (if asset is depreciable), Depreciation Expense Account group box
Depr Method Code	G/L Book Info tab (if asset is depreciable and depreciable basis is Years), Depreciation Information group box

The fields Ref 1 and Ref 2 may display a different label if they have been changed on the Configure General Ledger Settings screen. For example, AC 1, AC2.

What are Asset Templates?

You can use the optional Asset Template feature to set up one or more templates in which you can establish standard default data for property that shares common characteristics.

The primary role for a template is to reduce the amount of repetitive manual data entry in Asset Master records that share mutual attributes. Another important advantage in the Asset Template functionality lies in the ability to incorporate consistent descriptions and data across property records, thus enhancing the quality of Fixed Assets tracking and reporting functions.

The template functions only as the mechanism by which template data is automatically imported into an Asset Master record. When you enter a valid template number (and revision number, if applicable) on this screen, all the data from the template automatically displays in the Asset Master record, where it can be edited on a field-by-field basis, as desired.

If you decide to take advantage of the template functionality, you should set up the appropriate Asset Templates before you begin to add data in an Asset Master record.

If you decide to bypass or defer the use of the template capability, you will need to enter data directly on this screen on a field-by-field basis or clone data from existing asset records.

What is the purpose of the Default Template for the Asset Master block on the Configure Fixed Assets Settings screen?

The Configure Fixed Assets Settings screen contains a block in which you can enter an optional default template identifier (and revision number, as applicable).

The purpose for these optional fields is to enable you to designate one template as the system default template.

Because much of the template data will vary based on different types of property, you will most likely find the template functionality of greater use if you set up a number of templates and do not designate one as the default. Some users, however, use this single default template to specify only system-required data, and recognize that they will need to make changes directly in the Asset Master record based on the individual property characteristics after they have imported the template data.

How can I utilize the Asset Template functionality from an Asset Master record?

From any tab on the Manage Asset Master Information screen,you must first click on the Template Import Parameters subtask to display the template and import selection screen.
Select the desired template/revision combination from the Template No and Rev No fields, as applicable (either by manual entry or by using Lookup), in the Template Import Parameters subtask. Templates and their associated data must be pre-established on the Manage Asset Template Information screen.
Select the desired import preferences from the Template Import Parameters subtask.
Click the Import Data button to activate the template data import process.
Once the import is complete, the system displays imported data from the selected template in the Asset Master record, where it can be edited or deleted, as desired, or where additional data not found in the template can be added (subject to system rules).

If I change a template after the initial import to an Asset Master record, will the system copy the changed data back to the Asset Master record?

If you have used a template to import data into an Asset Master record and you later make a change to a template data field, the data change from the template will not automatically be copied to the Asset Master record without user intervention.

In this circumstance, you will need to go back into the Manage Asset Master Information screen and re-activate the Template Import Parameters subtask to re-import revised data from the template. Use caution, however; if you have made changes to fields in the Asset Master record. Re-importing data from another template record after the data has been established may overwrite existing Asset Master data and may produce unexpected results.

Alternately, you may also create a new template or the same template with an appropriate revision number that incorporates the change. Or, you may decide to bypass the template record and manually make the desired change directly in the Asset Master record.

How can I use the Clone function to copy Asset Master records?

You can use Clone to copy data from an existing Asset Master record to a new record. The Manage Asset Master Information screen must be the active window. Click File » Clone Record to activate the Clone command. Alternately, you can press ALT+= directly from the keyboard to activate Clone.

When you clone an asset record, the system copies the data and automatically displays the cloned data in the Asset Master record screens. Note that although the copy function is essentially complete (see exception, below), the Asset No and Item No fields will be blank. You can edit the cloned data as needed both before and after you assign the new asset/item number and save the record.

When you are ready to assign identification to the copied data, enter the desired asset number and item number in the Asset No and Item No fields. If the auto numbering process has been activated in the Configure Fixed Assets Settings screen you can leave these fields blank and the system will assign the next sequential asset number with an item number of 00001 during the Save process. Even if auto numbering is enabled, you can always assign the asset/item numbers yourself.

You must save the record to finalize the Clone process. If you click the Save button on the toolbar (or press F8), the cloned asset record will be saved and Clone will be deactivated. If you want to save the record as well as clone additional records, click File » Save/Continue or press CTRL+F8.

Fields in the Posting Info group box of the Disposal Info tab will not be cloned. These fields include the posted Date, posted Time, posting Seq No, and the posting User.

For a new asset record (both newly-acquired and historical), data may automatically display in many of the Asset Master fields because you have specified the use of a specific Asset Template or because you have designated one specific Asset Template for use as a default (in the Default Template for Asset Master group box on the Configure Fixed Assets Settings screen).

You should enter data on this screen and on any applicable subtask before you calculate depreciation or add inventory, maintenance, or transfer records. Although you can change information in these screens at any time, use caution in the timing of your edits, which can impact the calculation of depreciation as well as the types of records included in system reports.

Disposal information for the Asset Master record has been entered and I receive a message saying that its Status should be set to "Disposal". What should I do?

This message displays when you try to save an Asset Master record and data was previously manually-entered on its Disp Info tab.

The only circumstance in which disposal information should be entered in the Disp Info tab is during initialization for historical disposal data for an asset that has been written off in the General Ledger. Under normal circumstances, all disposal data should be entered on the Manage Disposal Transactions screen and posted using the process from the Post Fixed Assets Journal screen. During the disposal posting process, the system automatically updates fields in the Disp Info tab with disposal data.

To save the asset without the requirement to change the Record Status to Disposal, open the Disp Info tab and blank or zero out all disposal data, as applicable. And then open the Disposal Details by Book subtask, and zero all depreciation adjustment data for all books, as applicable. If you still cannot save the asset, there may be other disposal-related fields in the ASSET table that must be cleared by your system administrator. This may have occurred if the data was imported from another system. Disposal columns in the ASSET table include DISP_DT, DISP_FY_CD, DISP_PD_NO, DISP_SUB_PD_NO, DISP_PRICE_AMT, DISP_DESC, DISP_S_JNL_CD, DISP_POST_SEQ_NO, S_DISPOSAL_CD and FA_DISP_TYPE.

Are there special rules that apply to deleting Asset Master records?

You can delete Asset Master records at any time before you post depreciation, a disposal or a transfer to the General Ledger.

Although you cannot delete an Asset Master record once you have posted activity against it, two additional options are available to remove that record from your set of active records. You can:

Change the Record Status from Active to Inactive
Purge Fixed Assets information from specified Asset Master records and all related files from the Purge All Asset Information screen.

Use extreme caution when running a purge utility, as this functionality permanently deletes data from your database that cannot be retrieved. As a precaution, always perform a system data backup prior to purging Fixed Assets data.

Can I print Asset Master data from standard system reports?

The following reports are used most frequently to print Asset Master data:

Many other Fixed Assets reports print specialized data segments (for example, depreciation, location information, and so on) from your Asset Master records, including:

Screen Name	Data from Manage Asset Master Information Screen
Manage Asset Description Information	Desc Info tab and Notes tab data fields
Manage Asset Purchase Information	Purch Info tab fields
Manage Asset Cost Information	Cost Info tab fields, Other Books Info Total Cost fields
Manage Asset Location Information	Loc Info tab fields
Manage Asset Account Information	Acct Info tab fields
Manage Asset General Ledger Book Information	G/L Book Info tab fields
Manage Asset Disposal Information	Disp Info tab fields, Disposal Details by Book Depr Adj fields
Manage Asset Government Information	Govt Info tab fields

Subtask	Description
Other Books Info	Click this link to open the Other Books Info subtask for the current record.
User-Defined Info	Click this link to open the User-Defined Info subtask to view user-defined data for the asset master record.
Disposal Details by Book	Click this link to open the Disposal Details by Book subtask to view gain/loss details for a system-generated disposal and to edit any applicable depreciation adjustment for each book when the asset was manually disposed of.
Template Import Parameters	Click this link to open the Template Import Parameters subtask to select parameters when you import template data for the asset master record.

MANAGE ASSET MASTER INFORMATION

Data from the Notes tab display in the Asset Notes column or field of the Manage Asset Description Information screen, and is not available as a specific menu selection.

Your system administrator can also assign or deny specific user rights to the Other Books Info, User-Defined Info, and Disposal Details by Book subtask when user rights are established in the users or Manage User Groups screens.

Identification

Asset No

Item No

Subtasks

Because the Update portion of this utility will overwrite your existing data with system-generated data, always carefully review and agree with the reported results on a record-by-record basis before updating

Because the Update portion of this utility will overwrite your existing data with system-generated data, always carefully review and agree with the reported results on a record-by-record basis before updating

The fields Ref 1 and Ref 2 may display a different label if they have been changed on the Configure General Ledger Settings screen. For example, AC 1, AC2.

Use extreme caution when running a purge utility, as this functionality permanently deletes data from your database that cannot be retrieved. As a precaution, always perform a system data backup prior to purging Fixed Assets data.