Amending Relife Transactions

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The AM Relife form can be accessed from various forms and screens throughout the Asset Management module and will be displayed where the Relife transaction has a status of .

The AM Relife form will open:

The following fields will be displayed on the AM Relife form:

At the bottom right of this field is a  button.  Clicking on this button will open the AM Asset Book Values Before the Transaction screen, detailing values of the Main Asset Book before the Relife transaction.  This screen is further detailed in the Asset Book Values section.

These are:

Please note: The amount in the Estimated Life field on the Asset will also be recalculated from the date in Depreciation Start Date field on the Asset.

These are:

This field is:

Where it is a mandatory field, further details of the Relife transaction will be displayed and can be changed or amended as required.

Where it is an optional field further details on the Relife transaction may be displayed and can be amended, added to or removed, as required.  Where the field is blank details can be added.

Please note: the number of Children in this field will not include any Child Assets that have been Disposed or have been Cancelled.  In addition Assets with a Depreciation Method specified on the Asset Book of Units of Use will not be able to include any Child Assets as part of the processing for Relife transactions.

Where this option is selected this Asset, i.e. the Parent Asset, will be processed.  This option can be deselected where only the Child Assets are to be processed, i.e. those that have not been Disposed or Cancelled.  Some of the fields detailed above will be used when processing these Child Assets such as the Relife Reason and Comments.

Please note: Only Child Assets that have not been Disposed or Cancelled will be processed.  In addition Assets with a Depreciation Method specified on the Asset Book of Units of Use will not be able to include any Child Assets as part of the processing for Relife transactions.  The Depreciation Method can be found on the Grid at the bottom of the AM Asset Maintenance form of the Asset.

Another field near the top of the form will also provide details where the Asset is a Child of another Asset:

The buttons at the bottom of the form are as follows:

Another field near the top of the form will also provide details where the Asset is a Child of another Asset:

Clicking on the  button will open the AM Asset's Parents form, displaying the Asset's Parents.  This form is further detailed in the Assets Parents section.

Where the Process Child option has been selected on the form ensure that the Process Child column in the Grid at the bottom of the form is also selected.

Where more than one Line is included in the Grid select this column for each Child that is to be processed.

Also ensure that the following columns are also completed as required for each Child that is to be processed:

Once the  button has been selected the form will change to a read only version of the AM Relife form where no further changes can be made and the Status of the Relife transaction will change to .  This form is further detailed in the AM Relife (Readonly) form section.