Basics
If you are new to the Asset Management application, review how it relates to other applications and an overview of how you enter and depreciate asset items.
Related Topics:
- Equipment Info Center and Asset Management and/or Purchasing
The Equipment Info Center comes with either the Asset Management module or the Purchasing module. - Asset Management Terminology
Certain terminology is important to know in regard to asset items in Vision. - Entering and Depreciating Asset Items
You can enter and depreciate or amortize asset items. - Asset Management Alerts
You can set up alerts to notify employees of entries and changes to asset items that are based on fields in the Equipment Info Center. - Asset Impairments
A fixed asset becomes impaired when its fair market value suddenly drops below the value of its carrying value (acquisition cost less accumulated depreciation), and the loss is not recoverable. - Asset Management and Multicompany
When you use Vision Multicompany with the Asset Management application, there are specific settings that apply to Asset Management set up and processing. - Asset Management and Multicurrency
If you use multiple currencies in Vision, all the currency values that are displayed in the Asset Management and Equipment Info Center are in the functional currency of the company that is associated with an asset's project. - GL Book and Additional Books for Asset Depreciation
In addition to processing depreciation or amortization for your general ledger for your financial statements ("GL book" depreciation), you can have Vision calculate depreciation or amortization differently by using "additional books." - Associating Units with Asset Items
In the Equipment Info Center, you can associate a unit with an asset item, which allows you to track the unit-generated billing value for the asset item.
Parent Topic: Asset Management Overview