Asset Management Settings
Use Asset Management configuration in the desktop application to specify enterprise-wide settings for the Asset Management application, which helps you track and process depreciation or amortization for asset items that you capitalize.
With Asset Management, you can manage an item over its entire life cycle and better assess the risks and overall performance when you make equipment decisions. Asset Management works in conjunction with the Equipment hub (also in the desktop application). The Equipment hub stores the capital items that the Asset Management application tracks, calculates depreciation for, and provides data for in related reports.
- Related Topics:
- Asset Management Setup Checklist
You may find it helpful to use a checklist as a guide in setting up the Asset Management application. - How to...
When you configure the Asset Management application, you define tax books, depreciation methods, property types, asset types, improvements, and Section 179 deduction limits. - Fields and Options
Use Asset Management Settings to set up the elements of the Asset Management application, such as asset, property, and improvement types. - Learn More About...
Review asset management terminology, considerations for enterprises with multiple companies, and depreciation examples.
Parent Topic: Settings