Skip to Content
avatar image
Former Member

what is use of sub-asset

hi,

can anybody tell me what is use of sub-asset

guna

Add comment
10|10000 characters needed characters exceeded

  • Get RSS Feed

3 Answers

  • avatar image
    Former Member
    Mar 27, 2008 at 05:25 AM

    Hi dear...

    The standard system creates an asset for each new real estate that you maintain. Similarly, a sub-asset is created for each accessory/special equipment that you maintain on a real estate.

    The term "asset" is used for simple assets, as well as for complex large-scale assets that consist of a number of component assets. The data structure of the system, with a 12 character alpha-numeric main asset number and a 4 character sub-number, allows both. The main asset number represents the asset as a whole. Parts of assets can be represented by different sub-numbers. (sub asse numbers)

    Every master record is automatically created with at least one sub-number, even if no sub-assets exist. The system marks the first master record as an asset main number master record. When you use internal sub-number assignment, this main number has sub-number "0000". You can create additional sub-numbers for this main number master record. The system manages values for each sub-number for every individual depreciation area in year segments. The individual transactions are posted directly to the sub-numbers as line items.

    Add comment
    10|10000 characters needed characters exceeded

  • avatar image
    Former Member
    Mar 27, 2008 at 05:27 AM

    Hi,

    The term "asset" is used for simple assets, as well as for complex large-scale assets that consist of a number of component assets. The data structure of the system, with a 12 character alpha-numeric main asset number and a 4 character sub-number, allows both. The main asset number represents the asset as a whole. Parts of assets can be represented by different sub-numbers

    Every master record is automatically created with at least one sub-number, even if no sub-assets exist. The system marks the first master record as an asset main number master record. When you use internal sub-number assignment, this main number has sub-number "0000". You can create additional sub-numbers for this main number master record. The system manages values for each sub-number for every individual depreciation area in year segments. The individual transactions are posted directly to the sub-numbers as line items.

    Hope it helps

    Saravanan.A

    Add comment
    10|10000 characters needed characters exceeded

    • Former Member Former Member

      Hello

      Assume you have capitalised certain AUC items into one asset numbered 100000.000

      After a few months you realise that you have missed one expense, which also needs to be capitalised.

      Now create a master record 100000.001, which would be a sub asset to the main asset.

      Now aquire the expense debiting this asset and crediting vendor. Remember to use asset key 70 and transaction type.

      Reg

      assign pts if useful

  • avatar image
    Former Member
    Mar 27, 2008 at 05:35 AM
    Add comment
    10|10000 characters needed characters exceeded