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.
Note:
• You can select up to 10,000 fixed assets.
• 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.
• You can use the filters panel to narrow down the assets listed in the grid. The assets that you select or deselect in the filtering results are also immediately selected or deselected in the grid. To open the filters panel, click .
7. Click Save.
8. Specify the depreciation schedule settings in the Details tab. For more information, see Fixed Asset Process Management Fields.