Equipment Hub and Asset Management and/or Purchasing
The Equipment hub comes with either the Asset Management module or the Purchasing module.
The Equipment hub stores equipment items for regular projects and asset items (capital items) for overhead projects.
If you use Asset Management, you can process depreciation for the asset items that are stored in the Equipment hub. The Purchasing application is not required for the Asset Management application to perform depreciation processing for asset items.
If you use Purchasing, you can create purchase orders, change orders, and release orders for blanket purchase orders that automatically generate equipment items and asset items in the Equipment hub. However, you must have the Asset Management application to perform depreciation processing for asset items.
The following table identifies the functionality that is available with the Purchasing and Asset Management applications, used together or separately.
| Application that You Use | |||
|---|---|---|---|
| Purchasing but not Asset Management | Asset Management but not Purchasing | Both Asset Management and Purchasing | |
| Functionality Available | |||
| Track asset items (capital items) in the Equipment hub | Y | Y | Y |
| Track equipment items in the Equipment hub | Y | N | Y |
| Process depreciation and other depreciation tasks for asset items in the Asset Management application | N | Y | Y |
| Assign employees and enter depreciation information for asset item in the Equipment hub on the four additional tabs:Assignments, GL Cost, GL Book, and Additional Books | N | Y | Y |
| Enter equipment items and asset items directly in the Equipment hub | Y | Y | Y |
| Automatically generate equipment items or asset items in the Equipment hub from purchase orders, change orders, and release orders from blanket purchase orders | Y | N | Y |
| Automatically generate equipment items or asset items in the Equipment hub from AP vouchers entered in Transaction Entry | N | Y | Y |
| In Transaction Entry for AP vouchers, associate an AP voucher line item with an asset item that already exists in the Equipment hub | N | Y | Y |
| In Transaction Entry, associate a journal entry with an asset item that already exists in the Equipment hub | N | Y | Y |