Adding new assets

Recording an asset in the Asset Management system can be done in three different ways:

• Using online asset additions (manual)

• Uploading assets details using Excel spreadsheets

• Interfacing assets from external sources using Transaction Loader

Asset Management records two types of asset details:

• F inancial information: These details include all the elements needed for accounting transactions of an asset, such as asset cost, books, depreciation method, useful life, and so on.

• Physical information: These details include all the physical attributes such as tag (serial) number, manufacturer, and so on.

An important feature offered by the AM module is the capitalization threshold. Some organizations may need to capitalize their purchases as capital or non-capital depending on the asset cost. We can specify an amount threshold beyond which the system can automatically categorize the assets as capital. PeopleSoft offers the following categories for the assets:

• Capital assets: These...