Creating Fixed Asset Processes

You can group multiple fixed assets in a single fixed asset process. This enables you to run depreciation batch jobs for the assets associated with the process.

You can run batch jobs for the assets associated with a fixed asset process to:

• Generate depreciation schedules
• Generate depreciation schedules and depreciation journals

For more information, see:

• Generating Depreciation Schedules from a Fixed Asset Process
• Generating Depreciation Schedules and Journals from a Fixed Asset Process

To create a fixed asset process including multiple assets:

1. Search for Fixed Asset Process Management in the App Launcher. The Fixed Asset Process Management page displays.
2. Click New .
3. Enter the name and description for the new process. The status of the process is automatically set to "Draft".
4. Do one of the following:
• To configure this fixed asset process, click Save and go to step 5.
• To save this process without configuring it and create a new one, click Save & New.
5. Click Add Fixed Assets. The assets with the status other than "New" or "Fully Depreciated" are displayed.
6. Select the assets that you want to add to the process and click Save.
7. Specify the depreciation schedule settings in the Details tab. For more information, see Fixed Asset Process Management Fields.

Note:

You can right-click a column header to show a menu with options to sort, hide, and group columns. Use drag-and-drop to reorder columns.