Lab: assets end to end

An hour, and it starts with three flexfields because nothing works without them. Seven deliverables: three flexfields configured and deployed; a corporate book and an associated tax book with different defaults; four categories with depreciation rules per book; one asset added manually with a full assignment; one asset created via mass additions from a Payables invoice, including a merge; one cost adjustment, one transfer and one retirement with proceeds; and depreciation run in draft, then final, with the register reconciled to the general ledger. Five acceptance criteria: all three flexfields deployed, because you cannot get past step one otherwise; the tax book shows different accumulated depreciation from the corporate book on the same asset; the asset clearing account clears to zero; the gain or loss on retirement is calculated and explained; and the asset register agrees to the general ledger. That last one is the month-end control, done once, so…

In this module: Module 11 · Fixed Assets

1. 1The asset model
2. 2The three flexfields
3. 3Asset books
4. 4Categories and depreciation rules
5. 5Adding assets manually
6. 6Mass additions from PayablesFree preview
7. 7Adjustments, transfers, retirements
8. 8Depreciation, close and what breaks
9. 9Lab: assets end to end