NetAsset - Queue Additions for Capitalization
Use Case: New assets have had their depreciation schedules generated, all details validated, and they are now ready to be capitalized. In order to signal this, the Asset Status needs to be updated from Pending to Ready for Capitalization.
NOTE: Any desired changes to depreciation schedules after an asset has been capitalized and journals have been recorded will need to take place via an Asset Revaluation.
STEP BY STEP PROCESS
- Navigate to the Queue Additions for Capitalization page by selecting NetAsset > Create New Assets > Queue Additions for Capitalization
- Enter any desired filters and click Filter Results if you would only like a subset of pending assets to be marked as Ready for Capitalization. Once you’re happy with the assets displaying in the sublist, click the Mark All button then click the Queue Assets button.
- You will be redirected to a status page where you can refresh periodically to see the assets marked as Ready for Capitalization
- Once the status is Complete you can click the Export button to save the processed results as a .csv file
- Individual assets can be marked as Ready for Capitalization by clicking the Queue for Capitalization button
- Once new assets have a status of Ready for Capitalization, they are eligible to have a NetAsset Capitalization Entry posted to the G/L via the Run Monthly Asset Journals.