Synergetic is usually configured to automatically create an asset when you enter a creditor invoice containing an item that is a fixed asset. However, if this option is not switched on, you will need to manually create new assets. See Finance Configuration Maintenance - Assets tab in the System maintenance manual.
You may also need to create new assets manually in other situations. For example, a new building is classed as work in progress (WIP) and does not become an asset until it is completed and handed over. You would normally add a WIP general ledger code and possibly also a sub-allocation code. When the building is completed, create a general ledger journal entry to move the building from the WIP account to the capital account and create a manual asset.
Note: To automatically add a fixed asset, see Creating new assets from Creditor Invoice Entry in the Creditors manual.
To create a new asset:
- Either:
- click
on the Set Asset Search Criteria window
- click
on the Asset Maintenance toolbar - select File > New... from the main menu when the Asset Maintenance window is open
- right click on the Asset Selector grid and select New...
- press Ctrl + N.
The Create New Asset - Create Asset window is displayed.
- Enter key details about the asset. See Create New Asset - Create Asset window (on page ).
- Enter location details about the asset. See Create New Asset - Location window (on page ).
- Determine how the asset is linked to other assets, if applicable. See Create New Asset - Asset Type window (on page ).
- Link to other assets, if applicable. See Linking assets when creating assets manually (on page ).
Note: You can also link to other assets using the Linked Assets tab of Asset Maintenance once the asset has been created. See Asset Maintenance - Linked Assets tab (on page ).