Equipment Info Center and Asset Management and/or Purchasing
The Equipment Info Center comes with either the Asset Management module or the Purchasing module.
The Equipment Info Center stores equipment items for regular projects and asset items (capital items) for overhead projects.
If you have the Asset Management module activated, you can process depreciation for the asset items that are stored in the Equipment Info Center. The Purchasing module is not required in order for the Asset Management module to perform depreciation processing for asset items.
If you have the Purchasing module, 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 Info Center. However, you must have the Asset Management module to perform depreciation processing for asset items.
The following table identifies the functionality that is available with the Purchasing and Asset Management modules—used together or separately.
| Modules that You Have Activated | |||
|---|---|---|---|
| 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 Info Center | Y | Y | Y |
| Track equipment items in the Equipment Info Center | 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 Info Center 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 Info Center. | Y | Y | Y |
| Automatically generate equipment items or asset items in the Equipment Info Center 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 Info Center 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 Info Center. | N | Y | Y |
| In Transaction Entry, associate a journal entry with an asset item that already exists in the Equipment Info Center. | N | Y | Y |