Page 35 - UNANET GOVCON: CLOSING A FISCAL PERIOD

Fixed Assets

Unanet’s Fixed Asset (FA) feature allows 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 run a monthly depreciation
process for depreciable assets that are not retired or sold as well as to record disposals.
The process creates journal transactions to record monthly depreciation expense and
associated accumulative depreciation related to the fixed 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

Activity Steps:
1. Navigate to 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 Page 35
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