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Select the “Split Asset Tag” link under the “Asset Capitalization” business component.
The “Bifurcate Asset Tag” page appears.
The system displays the following in the “Document Information” group box:
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Document No. |
The unique number generated by the system after splitting the tag. This number is generated at the time of splitting the asset tag based on the numbering type selected. |
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Status |
The status of the asset which could be “Fresh” or “Active”. |
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Transaction Date |
The date on which the asset tags was bifurcated. The system date is defaulted on launch of the page. |
Enter the following fields:
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Finance Book |
Use the drop-down to select the code identifying the finance book to which the document details are posted. The system lists all the finance books mapped to the login organization unit in the ascending order for selection. The finance book must have been defined in the “Create Finance Book” activity of “Organization Set Up” business component. The system displays the first value by default on launch of the page. |
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Numbering Type |
Use the drop-down list box to select the numbering type for the login organization unit and the “Asset Capitalization” transaction type. The numbering types must have already been defined in the “Create Numbering Class” activity of the “Document Numbering Class” business component and must be in “Active” status. The system displays the first value by default on launch of the page. |
Enter the following field in the “Tag Information” group box:
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Asset No. |
The number identifying the asset whose tag must be split into many tags (Alphanumeric, 18). Mandatory. The assets must have been defined in the “Create Simple Asset” or the “Create Complex Asset” activity of this business component. |
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Press the <Enter> key. |
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The system retrieves the description based on the asset number specified. Help facility available |
The system displays the following:
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Asset Description |
The description pertaining to the asset. |
Enter the following field:
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Tag No. |
The number identifying the asset tag which must be further divided into many tags (Alphanumeric, 18). Mandatory. |
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Press the <Enter> key. |
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Tag Description |
The description pertaining to the asset tag (Alphanumeric, 255). |
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Depn. Processed Upto |
The date up to which depreciation is processed and confirmed on the asset. |
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Tag Cost |
The cost of the asset tag. |
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Tag Book Value |
The cost of the asset tag. |
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Net Revalued Cost |
The cost of the revalued asset tags. |
The system displays the following in the multiline:
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Tag No. |
The number identifying the asset tag, generated by the system at the time of splitting the tags. |
Enter the following fields in the “Split Information” multiline:
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Tag Description |
The description pertaining to the asset tag (Alphanumeric, xx). Mandatory. |
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Tag Cost |
The cost of the asset tag (Decimal). Mandatory. The tag cost must be greater than zero. The sum of the tag cost in the multiline must be equal to the cost of the asset tag in the header. |
The system displays the following:
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Tag Book Value |
The Book Value of the tag. |
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Net Revalued Cost |
The cost of the asset tag after revaluation. |
Click the “Split Asset Tag” pushbutton to split the asset tag.
Note: Transactions on the split tag must be performed within the split transaction date.
The system generates a unique tag number based on the numbering type specified.
The system also updates the login ID of the user and the system date along with the bifurcation details.
Accounting entries
For every new tag the system debits the Asset account code with the New tag cost and credits the same account code with the total of tag costs for all the new tags.
The system displays the following:
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Created By |
The login ID of the user who created the asset tags. |
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Created Date |
The date on which the asset tags was created |
