Fixed Asset Entry Process

There are two different ways that an asset can be entered into the Fixed Assets database:

1. Automated entry of the asset at receiving time — This is done through the Purchasing (PO) and Accounts Payable (AP) modules of BusinessPlus. The interface setup consists of two required steps and two optional steps designed to make this process subject to less user error.
2. Manually input the asset information into the system (FAUPAS).

Depreciation

The General Ledger (GL) also has an interface with the Fixed Assets module. This interface facilitates the depreciation posting process. Through the use of a subsystem interface and posting codes, depreciation will be automatically posted to expense and accumulated depreciation accounts.