Asset Types

Each Asset must include an Asset Type so these will need to be defined before Assets can be created.

Asset Types will define certain defaults for the Asset as well as the General Ledger Detail Codes to be used for postings that are generated for the Asset.

Please note: Certain Asset Types will be created for you when FinancialsLIVE is initially installed and where you have responsibility for more than one school or other establishment, one of the same Asset Type will be needed for each individual school/establishment.  For example you will have an Asset Type for Dwellings but each school/establishment will have their own Dwelling Asset Type, e.g. DWELL01, DWELL02, DWELL03 etc.

Asset Types are created, viewed and maintained on the AM Asset Type form, which can be accessed by selecting the Financials option on the Financials Web Main Menu:

Then the Asset Management menu option:

Then the AM Asset Module Setup menu option:

Then the AM Asset Type menu option:

The AM Asset Type form will then open:

On this form you can create new Asset Types, which is further detailed in the Creating Asset Types section, or you can search for and make changes to existing Asset Types, which is further detailed in the Maintaining Asset Types section.