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Asset Management - when to tag assets

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ermurph2
New Member
Posts: 1
New Member
1/28/2008 9:48 PM
    We are in the process of planning for an Asset Management implementation and I was wondering what the best practices are for determining at what point an asset is created and where? Options seem to be at the Requisition, Receipt, PO or AP Invoice level. I suppose going directly to the AM module is also an option. Any insight would be appreciated. Thanks!
    Kevin Hagan
    Advanced Member
    Posts: 30
    Advanced Member
    2/5/2008 2:15 PM
      If you have the AC module, I fiind it is easiest if you code all the related invoices to a activity then just capitalize the activity when you are ready to put the asset in service. The difficulty is knowing when to capitalize the activity
      Bill Ianni
      Veteran Member
      Posts: 111
      Veteran Member
      2/5/2008 7:40 PM
        Kevin Hagan's response is particularly true in version 9 because you can capitalize the new activity transactions to an existing asset. In previous versions, you couldn't do that easily. If you do not have AC, then the easiest point is to use and Asset Template in AP. Typically, those folks are closer to the rules and procedures for creating assests. You can also accomplish Asset Templates in RQ and PO, but ultimately, the system doesn't create the asset until AP matches the invoice.
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