Authorize Asset – A summary of the activity
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This activity allows you to authorize the assets, which are in “Fresh” or in “Amend” status. You cannot modify the authorized asset. After authorization, the assets can only be amended and has to be authorized again. The moment the assets are authorized the accounting entries are posted in the finance book. This activity also allows you to view the asset tag details and the additional details of an asset before authorizing. You can also view the document details through this activity.
The system updates the status of the asset/tag to “Active”. The system updates the login ID of the user and the system date along with the authorization details.
If the asset is created using the invoices, he system updates the capitalized amount as the utilized against the asset proposal in the “Asset Planning” business component and updates the pending capitalization amount, to the invoices.
Getting familiar with the pages inside
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Authorize Asset |
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Authorize Asset |
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Document Details |
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Accounting Information |
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Attach Notes |
Attaching notes |
What you can do in this activity
Authorize assets in “Fresh” & “Amend” status
Authorize assets in “Fresh” & “Amend” status
The asset can be authorized after amendment.
Go to “Authorize Asset” page.
Specify the search criteria and retrieve the assets in the “Amend”/ “Fresh” status and authorize it.
The system updates the status of the asset to “Active”.
The additional document details can be viewed through this activity
Go to “Document Details” page.
View the document details.