Page 32 - Participant Guide - Unanet GovCon Closing a Fiscal Period (2)

Fixed Assets

Unanet’s Fixed Asset (FA) feature allow users that manage fixed assets for their
organization to add, edit, and track these assets and their associated financial
transactions. They can see a list of assets along with their net values and post
depreciation/disposals to the general ledger. Note: Fixed Asset functionality is for cloud
customers only.

The GL impact of the Fixed Asset Post can be viewed by filtering the GL Details report
Document Type to “FA – Fixed Asset Post”.

Navigate: Financials > Fixed Assets > Fixed Assets Post

The Fixed Assets Post process provides a means to create journal transactions for
monthly depreciation expense related to depreciable assets.

Debit – 80.03.02 Depreciation Expenses

Credit - Accumulative Depreciation for various Fixed Assets

Navigate: Financials > Fixed Assets > Fixed Assets Unpost

The Fixed Assets Unpost process provides a means to remove all Journal and General
Ledger transactions generated by a Fixed Asset Post, unmarking the originating
transactions, and making them available to participate in another post process.

Activity 4.3 Perform Fixed Assets Post
Login as Glenda Manager (GL Manager) – glmanager / welcome

Activity Steps
1. Navigate: Financials > Fixed Assets > List to view the details for all Fixed Assets

2. Navigate: Financials > Fixed Assets > Fixed Assets Post

3. Search Fixed Asset Transactions with a Through Date and Posting Date set for
the Last day of the Posing Month then Click Apply

4. Select all available Unposted Depreciation Expenses then Click Post

5. Refresh or re-run the GL Summary (Trial Balance) Report for the period to
confirm activity and values

LESSON 4: GENERAL LEDGER
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