Fixed Asset Process Management Fields

Stores information about the depreciation schedule generation and export processes. The Fixed Asset Process Management object includes the following fields.

Key: R – Read-only

Field Name

 

Description

Book Types   The depreciation books used when generating or exporting depreciation schedules associated with the fixed asset process. More than one book can be selected. The available options are: Accounting Books, Custom Books, Tax Books, and MACRS Tax Books.
Date   The date when the fixed asset process is created.
Description   The description of the fixed asset process.
Existing Schedules  

The method of controlling depreciation schedule generation for the associated fixed asset process. You can choose whether to replace the existing depreciation schedules of the assets associated with the process.

Note that you can replace existing depreciation schedules only if the associated fixed assets with the status of "Active" have no depreciation schedules and journals generated.

Export as of Date   The last date up to which the system exports the depreciation schedules for the associated fixed asset process.
Generation Duration   The period over which the process generates depreciation schedules for the associated fixed asset process. This can be for 6 months, 12 months, or for the remaining service life of the asset.
Generation Period Start Date   The start period for depreciation schedule generation for the associated fixed asset process. This can be either the asset's default date or a specific date.
Generation Start Date   The start date for depreciation schedule generation for the associated fixed asset process. This can be either the asset's default date or a specific date.
Name   The name of the fixed asset process.
Number of Fixed Assets   The number of assets included in the fixed asset process.
Specific Date   The specific start date for depreciation schedule generation for the associated fixed asset process. This field is displayed only if you select the Specific Date option in the Generation Start Date field.
Status R The status of the fixed asset process. The available statuses are: Active, Draft, New, Completed, Fully Depreciated, and Generated. For more information, see .

Buttons

The following buttons might display. The availability or validity of these buttons varies according to many factors, including org configuration.

Key: L - Lightning Experience only

Button

 

Description

Clone   Takes you to a copy of the selected process.
Delete   Removes the process. You can also remove multiple fixed asset processes in one go using the Delete button on the Fixed Asset Process Management list view.
Edit   Prepares the process for editing.
Generate Depreciation Schedules L Generates depreciation schedules for the fixed assets included in the process.
Generate Depreciation Schedules and Journals L Generates depreciation schedules and journals for the fixed assets included in the process.