Initialization Procedures
Deltek recommends that you set up initialization screens from the Fixed Assets Controls menu (and from other screens, as applicable) in the order listed, before you begin to add data for an Asset Master or Asset Template record.
Deltek also recommends that you refer to the more extensive documentation in the Fixed Assets Help screens pertaining to each of the Fixed Assets setup items.
- Related Topics:
- Step 1: Manage Property Types
Set up required property types on the Manage Property Types screen. - Step 2: Manage Classification Codes
Set up required classification codes on the Manage Classification Codes screen. - Step 3: Manage Subclass Codes
Set up optional subclass codes on the Manage Subclass Codes screen. - Step 4: Manage Depreciation Methods
Set up required depreciation methods on the Manage Depreciation Methods screen if you plan to enter data for depreciable assets. - Step 5: Location Code Labels and Government Labels
Set up optional location code and government labels on the Manage Asset Master Field Labels screen as desired. - Step 6: Manage Location Codes 1, 2, and/or 3
Set up optional location codes on the Manage Location 1 Codes, Manage Location 2 Codes, and/or Manage Location 3 Codes screens as desired. - Step 7: Manage Location Groups
Set up optional location groups on the Manage Location Groups screen. - Step 8: Manage Asset Master User-Defined Labels
Set up optional user-defined field labels on the Manage Asset Master User-Defined Labels screen as desired. - Step 9: Validated Text
If you want to use optional user-defined validated text values, set these up in the Validated Text subtask of the Manage Asset Master User-Defined Labels screen. - Step 10: Asset, Depreciation Expense, Accumulated Depreciation, and Gain/Loss Accounts
In your Costpoint Chart of Accounts, set up and link the account combinations (account/organization/project) that you will use in Costpoint Fixed Assets. - Step 11: Manage Accumulated Depreciation Account Codes
Set up accumulated depreciation account codes on the Manage Accumulated Depreciation Account Codes screen if you plan to enter data for depreciable assets. - Step 12: Manage Depreciation Expense Acct Allocation Codes
Set up depreciation expense account allocation codes on the Manage Depreciation Expense Acct Allocation Codes screen if you plan to enter data for depreciable assets. - Step 13: Manage Disposal Types
Set up optional disposal types on the Manage Disposal Types screen to define disposal type codes to link with your asset records when you enter disposal data. - Step 14: Manage Fixed Assets Fiscal Years and Manage Fixed Assets Accounting Periods
Regardless of the Date of Purchase or Fiscal Year basis assigned to any depreciation method, you must establish your accounting periods and fiscal years in Costpoint Fixed Assets. - Step 15: Configure Fixed Assets Settings
Enter control information in the following critical fields: - Step 16: Configure Posting Settings
Specify the current Fixed Assets fiscal year, period, and subperiod to which depreciation and disposal data will be posted to the General Ledger. Unlike the rest of Costpoint, there can only be ONE fiscal year, period, and subperiod designated as current in Fixed Assets. - Step 17: Manage Tracking Field Labels
Set up optional labels for use with the optional ability to enter additional inventory, maintenance, and transfer tracking data for your property records. - Step 18: Enable Audit Trail Functionality
You can use the Configure Asset/Template Change Settings screen to select specific actions to be performed by the system when you capture and store change data for fields/columns in the Asset Master and/or Asset Template records. - Step 19: Enable Autocreation Functionality
You can use the screens in the Asset Master Autocreation menu to manage the setup and functions of the optional autocreation feature. - Step 20: Asset Templates
Use the optional template functionality to establish sets of default data for property that shares common characteristics by entering this data on the Manage Asset Template Information screen and the eight available tabs and subtask. - Step 21: Compute/Update Depreciation Computation Data
To assist you when you enter the correct data in the Current Depr Yr and Days/Pds Remaining fields in your Asset Master records, you can use this utility to verify the relationship of the Depr Start Date field to the Current Depr Yr and Days/Pds Remaining fields. - Step 22: Compute/Update Amount Taken Purchase Year-To-Date
This utility will compute/update Asset Master data only for books in which the assigned depreciation method uses a Date of Purchase basis and whose depreciation start date is before the current Fixed Assets posting Fiscal Year, Period, and Subperiod.
Parent Topic: Related Topics