OIM to FAM for Capital Expenditure

You can automatically create a fixed asset record whenever Order and Inventory Management posts a purchase invoice (PIN) for a capital equipment purchase order line to Accounting. This reduces the amount of manual data entry required, including the instances of errors that could occur when manually creating fixed assets.

When Order and Inventory Management posts a PIN for an accounts payable (AP) voucher related to capital equipment purchase order line, Order and Inventory Management publishes a message containing the equipment procurement details . Fixed Asset Management subscribes to this message and creates an asset record with a status of "New" for each piece of capital equipment. This occurs only if the Is Capital Equipment checkbox on the AP voucher line is selected. This checkbox is selected by default.

Feature Console

This Feature Console feature registers Order and Inventory Management and creates the required publications and subscriptions for the OIM to Fixed Asset Management integration for Capital Expenditure as follows:

  1. Step 1. This step registers Order and Inventory Management with Foundations and if already registered then the registration will be updated. It also creates and enables the required publications and subscriptions for the integration.
  2. Step 2. Manually Perform this step:
    • Add Asset Group and Asset Sub Group fields to Product Group Page Layout.
    • Add Accounting Date field to AP Voucher Matched Page Layout.
    • Add Capital Equipment and Is Capital Equipment fields to AP Voucher Line page layout.
  3. Step 3. This step adds the Capital Equipment field to the AP voucher line field set.
    • Add Is_Capital_Equipment__c.