Enable Asset Management to generate capital items automatically in the Equipment hub, which stores the capital items that the Asset Management application tracks, depreciates, and reports on.
The capital items are generated in the
Equipment hub in one of the following ways:
- Automatically, from a purchase order or AP voucher.
- Manually, from an equipment record that you enter in the Equipment hub.
To enable automatically generated equipment items:
-
On the Navigation pane in the desktop application, select
.
-
Click the General tab of the Asset Configuration form.
-
Under
Asset Item Source, select
Purchase Order to automatically create an asset item or equipment item in the Equipment hub from a change order or release order, or when you final print a purchase order.
The line items that are entered for a purchase order must be created from purchasing items with
Capital Items as the item category type and with a line item that has one project specified for distributing the purchase order costs. This option only displays if you use the Purchasing application.
-
Under
Asset Item Source, select
AP Voucher to enable the
Create Asset check box on the AP Voucher Entry form in the Transaction Center.
This option is enabled when the
Allow Equipment Entries for AP Vouchers and Journal Entries option is selected for the security role in the Miscellaneous section on the Accounting tab of the Roles settings form in
. When you select the
Create Asset check box in the Transaction Center,
Vantagepoint automatically generates an asset item in the
Equipment hub for the AP voucher line item when you post the AP voucher in the Transaction Center. This allows you to process depreciation for asset items.
If you do not select one of these options, you must manually enter a new asset item as a capital equipment item in the Equipment hub.