| # Mass Adjust Assets (tffam8220m000) Use this session to specify a range of assets to adjust after they are capitalized and are no longer directly editable. You record a mass asset adjustment to change the asset detail or the distribution information for a large number of assets at once. You can enter values in one or more criteria fields, or leave them empty to perform the transaction on all assets in ERP Enterprise. You can make adjustments to only one company at a time. For each asset book, ERP Enterprise first checks whether an adjustment is possible. You can mass-adjust assets at any point after they have been capitalized and before they have been disposed of. To adjust multiple distribution lines, you must activate the Distribution Lines (tffam8527m000) session. You can invoke this session on the last form. ERP Enterprise makes sure that the period for journal entries is open for the book you are adjusting. ERP Enterprise records journal entries from mass adjustments by using the values in the assets' default General Ledger books. For each mass adjustment you enter, ERP Enterprise applies your changes to the assets and books that match your transaction criteria, and it records the former values of each asset for historical purposes. This allows you to perform an inquiry to view all the changes made to an asset and its related books throughout its life. An adjustment can occur to one asset and all of its books, or to multiple assets and all related books. The adjustment is recorded as a transaction. Note Adjustments where assets are removed from or added to a vintage account will not result in depreciation transactions. If depreciation must be restated until the adjustment date or must run from the adjustment date, you must perform these actions manually. You enter a date for each mass asset adjustment to determine when the change takes effect. Based on the values you adjust, ERP Enterprise must restate depreciation. For changes to owner code or business percentage, ERP Enterprise restates from the effective date. For changes to vintage/group account, or automobile or listed status, ERP Enterprise restates from the in-service date. ERP Enterprise does not restate depreciation for changes to location, distribution, quantity, or ITC method. However, depending on the effective date, ERP Enterprise can make an adjusting entry. Note The effective date you enter cannot be prior to the assets' in-service date. Related topics Adjusting Mass Assets Adjusting Mass Asset Books Asset Adjustment Restrictions Asset Adjustment To use From and To fields Asset Number The asset number and asset extension create a unique identifier for the asset in the selected company. You specify the range of asset for which you want to perform a mass adjustment. Asset Number The asset number and asset extension create a unique identifier for the asset in the selected company. You specify the range of asset for which you want to perform a mass adjustment. Asset Extension The asset number and asset extension create a unique identifier for the asset in the selected company. You specify the range of asset for which you want to perform a mass adjustment. Asset Extension The asset number and asset extension create a unique identifier for the asset in the selected company. Category If you want to adjust a assets that share a category, specify the range of categories associated with the assets. Category If you want to adjust a assets that share a category, specify the range of categories associated with the assets. Default Subcategory If you want to adjust a assets that share a subcategory, specify the range of subcategories associated with the assets. Default Subcategory If you want to adjust a assets that share a subcategory, specify the range of subcategories associated with the assets. Book Code Identifies the book associated with the asset. Book codes permit you to define the books used by assets to record transactional data. Each asset must have at least one asset-book relationship. You specify the range of books associated with the assets on which you want to perform a mass adjustment. Book Code Identifies the book associated with the asset. Book codes permit you to define the books used by assets to record transactional data. Each asset must have at least one asset-book relationship. Group You specify the range of asset group codes associated with the assets on which you want to perform a mass adjustment. Group You specify the range of asset group codes associated with the group of assets on which you want to perform a mass adjustment. ITC Method You specify the range of investment tax credit (ITC methods) associated with the assets on which you want to perform a mass transaction. ITC Method You specify the range of investment tax credit (ITC method) associated with the group of assets on which you want to perform a mass transaction. Automobile You select certain criteria to perform the transaction. If you choose Selected, the transaction will be performed on those assets with this check box selected in the Asset (tffam1100s000) session. If you choose Not Selected, the transaction will occur on only those assets that do not have this check box selected in the Asset (tffam1100s000) session. If you choose N/A, the transaction will occur based on other criteria. Listed You select certain criteria to perform the transaction. If you choose Selected, the transaction will be performed on those assets with this check box selected in the Asset (tffam1100s000) session. If you choose Not Selected, the transaction will occur on only those assets that do not have this check box selected in the Asset (tffam1100s000) session. If you choose N/A, the transaction will occur based on other criteria. New You select certain criteria to perform the transaction. If you choose Selected, the transaction will be performed on those assets with this check box selected in the Asset (tffam1100s000) session. If you choose Not Selected, the transaction will occur on only those assets that do not have this check box selected in the Asset (tffam1100s000) session. If you choose N/A, the transaction will occur based on other criteria. Depreciation Code The way in which the depreciation of a fixed asset is spread out over the years. You specify the range of depreciation methods associated with the assets on which you want to perform the mass adjustment. Depreciation Code The way in which the depreciation of a fixed asset is spread out over the years. You specify the range of depreciation methods associated with the assets on which you want to perform the mass adjustment. Property Type Code A classification of fixed assets for United States legal tax depreciation requirements. You specify the range of property type code associated with the assets on which you want to perform the mass adjustment. Property Type Code A classification of fixed assets for United States legal tax depreciation requirements. You specify the range of property type code associated with the group of assets on which you want to perform the mass adjustment. Vintage/Group Account You specify the range of vintage/group account associated with the assets on which you want to perform the mass adjustment. Vintage/Group Acct You specify the range of vintage or group account associated with the group of assets on which you want to perform the mass adjustment. In Service Date The From and To fields define a range of: in-service dates on which you want to perform the mass adjustment. Default value The current date. Current Quantity You specify the range of current quantities shared by the assets on which you want to perform the mass adjustment. Net Book Value The From and To fields define a range of: net book values. You specify the range of net book values shared by the assets on which you want to perform the mass adjustment. Home curreny The From and To fields define a range of: The net book value of the asset in the home currency. Related topics home currency Distribution Company You specify the distribution company for the assets on which you want to perform a mass adjustment. There must have a valid intercompany relationship for the selected company. Location You specify the location account associated with the assets on which you want to perform a mass adjustment. You might have up to eight location segments set up which define the physical location of an asset. Adjustment Date Date on which the mass adjustment takes effect. Reason Enter a reason code of the Adjustment reason type for the new adjustment transactions. Reason codes are maintained in the Reasons (tffam6550m000) session. You can look up the reason code of an adjustment transaction in the Adjustment - Details (tffam8520s000) session, a subsession of the Asset Book Transaction Inquiry (tffam8501m000) session. Reason Code The description or name of the code. Suppress Journal Entries If this check box is selected, journal entries are not created in the General Ledger module for this transaction. Suppress Relocation Transactions If this check box is selected, ERP Enterprise does not post any transactions to the General Ledger if you change the location of an asset. If this check box is cleared, transactions will be posted to the General Ledger. Reverse Depreciation If this check box is selected, if you change the location of an asset in the same fiscal year in which the service was performed, ERP Enterprise reverses the accumulated depreciation for the year. Print Error Report If this check box is selected, an error report is printed. Business Percentage Select Replace to adjust the existing values in this field. If you select No Change, the value will remain the same. Business Percent Value with which you want to replace the current business percentage for the assets identified by the criteria selected. Only applicable to assets in Federal Tax and Other Tax books. No other books modify depreciation according to business use percent. If the business percent is equal to or greater than fifty percent, the ITC Method field can be set. If you do not want to change the business percentage, leave this field blank. Default value 100 or Current value for the asset. Action Your selection affects the status of the assets'vintage/group account) specified in the Account field. The following options are available: If you select Do Not Adjust, no changes to the assets' vintage or group account status occur. If you select Remove, ERP Enterprise removes the assets from the specified ADR Vintage or MACRS Group account. The assets'accumulated depreciation, cost, and salvage value) are subtracted from the vintage/group account and depreciation is restated. If you select Add, ERP Enterprise adds the assets to the vintage or group account specified. Default value Do not adjust Owner Select Replace to adjust the existing values in this field. If you select No Change, the value will remain the same. Owner Code Value with which you want to replace the current owner code for the assets selected. If you do not want to change the owner code, leave the field blank. Default value Blank Statement Account Specify the ADR Vintage or MACRS Group account to which you want to add or remove the selected assets. When you add assets, they must have the same life, method, frequency, and depreciate-below-salvage setting in its ADR book as they are set for the selected account. ITC Method Select Replace to adjust the existing values in this field. If you select No Change, the value will remain the same. ITC Method Indicates whether the asset is eligible for an investment tax credit (ITC)), and how that credit must be applied. If the asset is eligible, you can select Reduce Basis to use the credit to reduce your taxable income, or you can select Reduce Credit to reduce your tax due. Default value None If the asset is not eligible to receive an investment tax credit, you can set the ITC method to None. You must select None if one of the following applies: The business percent for the asset is less than 50 The owner code is Third Party, Capital Lease, or Operating Lease The Listed check box is selected for the asset Auto Select Replace to adjust the existing values in this field. If you select No Change, the value will remain the same. Auto If you select Yes, the asset will be adjusted to reflect that it is an automobile. Some types of automobiles must be identified as such for United States federal tax reporting purposes. If you select No, the asset is not an automobile. Listed Select Replace to adjust the existing values in this field. If you select No Change, the value will remain the same. Listed If you select Yes, the asset will be adjusted to listed property and depreciates as long as it still has cost left to depreciate, regardless of life. United States Federal tax regulations limit the amount of depreciation allowed for listed property. If you select No, the asset is not listed. Asset Distr. By If Quantity is selected, assets distributed by quantity are adjusted. Each adjustment amount entered will be a portion of the asset's total quantity. Also, the Distribution Method field in Distribution Line (tffam8127s000) will be by quantity. Default value If the asset currently displayed was distributed by quantity, the default is Quantity; otherwise, it is Percent. If Percent is selected, only assets distributed by percentage will be adjusted. Each adjustment amount entered will be a percentage of the asset's cost. Also, the Distribution Method field in Distribution Line (tffam8127s000) will be by percentage. New Select Replace to adjust the existing values in this field. If you select No Change, the value will remain the same. New If you select Yes, the asset will be adjusted to reflect that it is new. If you select No, the asset is used. Number of Lines Displays the number of distribution lines that will be adjusted for the assets that meet the specified criteria. |