Purchasing Items Used to Create Asset Items and Equipment Items
Asset items and equipment items that are stored in the Equipment Info Center are created from purchasing items whose category type is either Capital Items or Equipment.
You create asset items from purchasing items with a category type of Capital Items. You can depreciate asset items in the Asset Management application.
You create equipment items from purchasing items with a category type of Equipment. You cannot depreciate equipment items in the Asset Management application.
You cannot create Equipment Info Center items from purchasing items with a category type of Materials & Supplies or Services, or from inventory items.
You set up a master list of system-wide purchasing items for your company (or all your companies, if you have multiple companies in Vision) in Item Master Configuration in .
If you do not have the Purchasing module activated, but you have the Asset Management application activated, you still set up a master list of purchasing items in Item Master Configuration.
Before you set up purchasing items in Item Master Configuration, you must set up categories for the items and a type for each category, and then specify the item categories that apply for your company or multiple companies:
- On the Item Categories tab in
, set up system-wide item categories for purchase items, and specify a type for each item category.
The possible types for categories are Capital Items, Equipment, Materials & Supplies, and Services. Only purchasing items with a category type of Capital Items or Equipment can be tracked through the Equipment Info Center.
- On the Item Categories tab in , specify the item categories from Purchasing & Inventory System Settings to use for your company (or for each company, if you have multiple companies in Vision). You specify general ledger accounts and other information such as whether an item category is taxable. These settings help automate data entry and processing throughout Vision.