Fixed Assets Management

Improved workflow for non-depreciable assets

We introduced some changes to improve how you view and work with non-depreciable assets:

  • Simplified your view by only showing the most important information.

  • Added disposal detail fields so the information is easily accessible.

  • Added an optional setting in configuration for selecting a disposal journal.

Asset details page for a nondepreciable asset

Details

On the Asset page, the following areas are no longer displayed for non-depreciable assets:

  • Depreciable cost tile
  • Depreciation rules section
  • Depreciation schedules tab

In the Disposal details section of the Asset page, the following fields are now displayed for non-depreciable assets:

  • Gain or loss amount

  • Journal

  • GL batch ID

Additionally, we added a new setting in Fixed Assets Management configuration. This setting allows you to assign a journal for the disposal of non-depreciable assets.

How it works

Set a disposal journal for non-depreciable assets

  1. Go to Fixed Assets Management > Setup > Configuration.

  2. Select Edit.

  3. In the Disposal settings section, select a Journal for non-depreciable assets.

  4. Select Save.

Create a non-depreciable asset

  1. Go to Fixed Assets Management > All and select Add (circle) next to Assets.

  2. In the Summary section, deselect Depreciate.

Requirements

Subscription

Fixed Assets Management
Regional availability

All regions
User type Business user with admin privileges
Permissions

Administration

  • Application subscriptions: Configure

Fixed Assets Management

  • Assets: List, View, Add, Edit, Delete