Entering and Depreciating Asset Items

You can enter and depreciate or amortize asset items.

After you enter settings in Settings > Asset Management and other related setup, you can enter asset items and process depreciation or amortization for them as outlined in the following table.

Step	Description	Location
1	Enter asset items in the following ways: In Transaction Entry, enter an accounts payable voucher that will automatically create an asset item in the Equipment hub. In Purchasing, enter a purchase order, change order, or release order that will automatically created an asset item in the Equipment hub. Enter asset items directly in the Equipment hub.	Transaction Center > Transaction Entry > AP Vouchers or Purchasing > Purchase Orders or Hubs > Equipment
2	Enter information for calculating depreciation or amortization for asset items: In the Equipment hub: Review the depreciation or amortization information that prefills for an asset item. Enter other required information before you process depreciation or amortization for asset items. This includes changing the status of an asset item from Inactive to Active before you can process depreciation for it. Assign employees to an asset item (optional).	Hubs > Equipment
3	Process depreciation or amortization for an asset item.	Asset Management > Depreciation Processing

You can also:

• Transfer or split an asset item in Asset Management > Transfer/Split Processing.
• Dispose of an asset item in Asset Management > Disposal Processing.
• Review summary information for asset items in Asset Management > Asset Review.
• Review section 179 information in Asset Management > Section 179 Review.