Part #

The part number for which you wish to maintain the asset template.

Part Description

The textual description of the part.

Part Type

The type of the part.

Expense Type

The expense type of the part. Ensure that the expense type of the part is “Capital”.

Manufacturer Part #

The manufacturer part number of the part.

Planning Location

The planning location of the part.

Generation Rule

Select the rule by which the asset ID must be generated. The system lists the options “Single” and “Distinct”.

• Single – Select this option to create multiple asset tags for an asset number.

• Distinct – Select this option to create unique asset ID and asset tag combination for the asset.

By default, the system displays “Distinct”.

Asset No. Numbering Type

Select the numbering type to be used for creating asset numbers. The system lists all numbering types defined against “Asset ID” transaction in the “Document Numbering Type” business component.

Asset Description

The default textual description that you wish to specify for the assets (Alphanumeric, 40). Mandatory.

Tag Description

The default tag description to be given to the assets (Alphanumeric, 40). Mandatory.

Asset Class Code

Use the drop-down list box to select the asset class code. The system lists the asset class codes defined in the “Asset Type Definition” business component.

Asset Group Code

Use the drop-down list box to select the asset group code. The system lists the asset class codes defined in the “Asset Type Definition” business component.

Asset Location Code

Select the asset location code for the asset from the values listed. The system lists the values defined as asset location codes in the “Asset Location” business component.

Cost Center

The cost center to which the asset must be associated (Alphanumeric, 10). Ensure that the cost center is already defined in the “Cost Center Setup” business component.

Salvage Value

The salvage value of the asset (Decimal).

Salvage value is the net amount that the organization expects to obtain for an asset at the end of its useful life after deducting anticipated costs of disposal.

Depreciation Category

Use the drop-down list box to select the depreciation category of the asset. The system lists the depreciation categories according to the asset class code selected.

Custodian

The custodian of the asset (Alphanumeric, 77). Ensure that the custodian is already defined in the “Asset Capitalization” business component.

Help facility available.

Inventory Cycle

Use the drop-down list box to select the inventory cycle pertaining to the asset. The system lists the options “Monthly”, “Quarterly”, “Half Yearly”, “Yearly” and “Not Required”.

Recording FB

Use the drop-down list box to select the finance book in which the asset details will be recorded. The system lists the following options:

• Planning Base FB – Select this option to indicate that the asset details must be recorded in the planning base finance book.

• Warehouse FB - Select this option to indicate that the asset details must be recorded in the warehouse finance book.

• Named FB – Select this option to indicate that the asset details must be recorded in the named finance book.

Named FB

The named finance book (Alphanumeric, 20). Mandatory, when “Named FB” is selected in the “Recording FB” field. This finance book must have been defined in the “Enterprise Setup” business component.

Help facility available.

Last Modified By

The name of the user who last modified the asset template.

Last Modified Date

The date on which the asset template was last modified.