Create and Manage Fixed Assets
You can enter fixed assets into the system individually or in a batch. See
Creating and Managing Fixed Assets for details.
After you create assets, you can perform the following tasks:
• Maintain asset account information.
• Retire or transfer an asset.
• Enter asset comments.
• Maintain user fields for customizations.
• Maintain insurance data.
• Adjust depreciation books.
• Adjust posted depreciation.
• Maintain book detail.
• Maintain information for the units‑of‑production depreciation method.
• Maintain information about asset components.
• Divide an asset into two separate assets.
• Retire or transfer a group of assets.
Maintain Fixed Assets
You can post general ledger (GL) entries for acquisitions, depreciation expenses, transfers, retirement of assets, and adjustments. You can also correct any GL errors by creating reverse GL transactions for the original GL entries. See
Maintaining Fixed Assets for details.
At period or year end, you can optionally delete/archive retired assets.