Page 31 - Participant Guide ebook - Unanet GovCon Using General Ledger

Activity 4.2 Use Fixed Asset Alert to Create Fixed Assets
Login as Gloria Gladmin (GL Poster) – ggladmin / welcome

Activity Steps:
1. Navigate: Financials > Fixed Assets > Alert

2. Select + icon for the Alert of 10.06.02 - $50,000 to create a Fixed Asset from the
Vendor Invoice transaction

3. Enter the following:

GENERAL INFORMATION:
• Legal Entity MYCO – My Company
• Fixed Asset Name Laptops 2021
• Serial Number - from manufacturer 21LTCLL21
• Acquisition Date Use default transaction date
• Acquisition Cost Use default transaction row amount
• Class Computers
• Owner Controller, Frank
• Description Laptop Series 2021

DEPRECIATION INFORMATION:
• Status Active
• Placed In Service Use default Acquisition Date
• Useful Life (Months) 60
• Depreciation Start Date Use default Placed In Service Date
• Depreciation Method Use default Straight Line
• Depreciation Averaging Method Use default Fiscal Period

GL INFORMATION:
• Asset Org MYCO – My Company
• Expense Org MYCO – My Company

4. Click + Add and review the Details

5. Select the Depreciation Schedule tab to view the calculated schedule

6. Select Back to Fixed Assets List to view and confirm the new Fixed Asset is
included

LESSON 4 FIXED ASSETS
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