Create an Asset Item from an AP Voucher Line Item
In Transaction Entry, you can generate asset items automatically from line items that you enter for AP vouchers.
Prerequisites: Before you can automatically generate asset items in the Equipment hub from AP voucher line items, you must:
- Activate the Asset Management application in .
- Select the Allow Equipment Entries for AP Vouchers and Journal Entries check box for your security role on the Accounting tab in .
- Select the AP Voucher check box for Asset Item Source on the General tab in (in the desktop application).
- Enter the default overhead project, phase, and task in the Fixed Asset Disposal Gain/(Loss) Setup section on the General tab in (in the desktop application).
To automatically generate a new equipment item from an AP voucher:
You must do this before you can process depreciation for an asset item in
. You must change the asset status from Inactive to Active and enter an in-service date and other depreciation information in the Equipment hub. Optionally, you can also associate and assign employees with asset items in the Equipment hub.Parent Topic: How to...