Create Complex Asset – A summary of the activity
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This activity allows you to capitalize the asset documents either partially or fully and thereby creating complex asset. Assets created through one or many documents at 100% or lesser document value shall be defined as complex Asset. This activity also allows capitalization of capital work in progress. On completion of the capital work in progress the same can be capitalized as fixed asset. This activity also allows you to create multiple tags by specifying the asset tag. You can also capitalize non-capital documents. The documents that are raised in the invoicing business component with usages other than “Capital” usage are termed as non-capital documents. Fee paid against the consultation, bank charges are examples of non-capital documents.
This activity allows you to create the complex asset based on invoices for: sundry payments, supplier payments and supplier debit/credit notes for adjustments depending on the mapping of this business component to the other components: “Sundry Payment”, “Supplier Debit /Credit Note” and “Supplier Payment”. You can also capitalize the documents line item wise. Each and every individual item in the documents can be capitalized either fully or partially of the line item value. This activity also allows you to update the document details if the assets are created without any document basis. This activity also allows you to create the assets in bulk.
For example, if an invoice consists of 100 computers, you can create 100 separate assets by specifying the number of assets.
The system updates the status of the asset to “Fresh” on creation. The system generates a unique capitalization number on creating the asset. The system also generates the asset number based on the parameters set in the “System Parameter” business component. The system updates the login ID of the user to the created by and the system date to the created date.
Getting familiar with the pages inside
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Go to page… |
For… |
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Select Document |
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Select Document Details |
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Create Complex Asset |
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Document Details |
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Create Bulk Asset |
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Accounting Information |
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Attach Notes |
Attaching notes |
What you can do in this activity
Capitalization of exchange rate variance
Capitalize assets based on documents and capitalize partially
Capitalize non-capital documents
Create complex asset and capitalize
Partial capitalization of line item
Capture additional details of the asset
Capitalization of exchange rate variance
The documents with exchange rate variance can be retrieved for capitalization.
Go to “Select Document” page.
Select the “Supplier Payment” document type to retrieve the document with the exchange rate variance details and capitalize them.
Capitalize assets based on documents and capitalize partially
The assets can be capitalized, either at the document value or less than the document value.
Go to “Select Document” page.
Retrieve the documents providing the search criteria.
Specify the capitalization amount less than or equal to the pending capitalization amount for capitalizing.
Go to “Create Complex Asset” page to capitalize the asset.
Capitalize non-capital documents
The documents of usage type other than “Capital” in invoicing business component can also be capitalized.
Go to “Select Document” page.
Check the “Non Capital Document” field and specify the search criteria.
The system retrieves the non-capital documents based on the search criteria.
Create complex asset and capitalize
Go to “Create Complex Asset” page.
Specify the document information and the asset information.
Specify the cost of the asset to be capitalized and create the asset.
The system updates the status of the assets to “Fresh”.
Each individual line item of the document can be capitalized separately.
Go to “Select Document” page.
Retrieve the document based on the search criteria and select the document.
Go to “Select Document Details” page.
Specify the capitalization amount for each individual line item.
Create the complex asset in the “Create Complex Asset” page.
Partial capitalization of line item
Individual line item in the document can be capitalized partially.
Go to “Select Document Details” page.
Specify the capitalization amount less than the pending capitalization amount.
Create the complex asset in the “Create Complex Asset” page.
Bulk asset tag combination can be created in this activity.
Go to “Create Bulk Asset” page.
Specify the number of the assets and the tags for bulk creation.
Specify the tag cost for each asset tag and create the bulk assets.
The document details can be updated if the assets are not created based on any invoices.
Go to “Document Details” page.
Specify the document information and update it.
Capture additional details of the asset
The additional information can be captured at the tag level.
Go to “Create Complex Asset” page.
Specify the asset number and its respective information.
Specify the additional information for each tag.