Dear Experts,
I have a client with low value assets that they Expense and in working with their CPA, it became apparent that they would like to see a Asset Master, but not any entries - those will be handled by the CPA.
I was testing some scenarios and would love some input on whether this is the way to go:
Enter the Fixed Asset as a Normal Item (Non-Inventoried)
- Create a Fixed Asset Item Group
- GL Method by Item Level with unique mapping
Enter the Fixed Asset Master as a 'Statistical' asset.
- It will be excluded from Depreciation Runs
- Will have to tweak Capitalization and Retirement mapping as per CPA
Your input will be greatly appreciated.
Marli
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