NetAsset - Bulk Build Up of Assets
Use Case: It may be the case that a pending or in-service asset needs to have its capitalized value built up via a new item/expense coded to Fixed Assets Clearing or Construction In Progress.
STEP BY STEP PROCESS
- Navigate to the Build Up page in one of 3 ways
- Selecting NetAsset > Update or Modify Assets > Build Up Asset from Proposals (Clearing)
- Selecting NetAsset > Update or Modify Assets > Build Up Asset from Construction In Progress
- If necessary, add any transaction filters needed to isolate the desired transaction line(s) then click Filter Results. You may need to click the Switch to CIP button if the desired costs reside in Construction In Progress instead of the Fixed Asset Clearing account.
- Next, check the Select checkbox next to any number of line items/expenses (transactions) you would like to use in your build up of the assets.
- In the Asset To Build Up column, you are able to designate which asset you are attaching these transactions to with your build up. In the example below you can see that I have selected three different assets with three different transactions.
- After you have validated the inputs, click the Build Up Asset button. You will be redirected to the asset to build up with the Capitalized Asset Value field updated to reflect the new built up value.
- Refresh periodically until the Processing Status field is blank.
- Once completed you will see the Build Up results for each Asset that was processed simultaneously
- Now that you have Built Up multiple assets, refer to our article in the knowledge base titled Build Up of Existing Assets for further information about each individual build up