Classification of Purchases
Users of the Purchase module integrated with the Fixed Assets module may have a few assets acquired through Purchases. Integration must be entered in the field Update Asset in the TIO file. This way, when an Inbound Invoice with specific TIO is entered, a registration is created in the Assets File with status Pending Classification.
The objective of this file is to classify the assets acquired in the Purchases module. To classify means to add other information (such as asset accounts, depreciation rates, cost center, etc.) regarding the asset to enable calculation of depreciation.
After the material is entered, it must be classified through this routine to be confirmed in the Fixed Assets file.
If the ledger account is not filled out in the asset register, its status will be Not Classified.
Classification of purchases can be:
| • | Asset not Classified; |
| • | Classified Asset; |
| • | Asset Fully Written Off. |
Provision Control
One may classify the Fixed Asset as Execution in the Classify option in the Asset Data tab by filling out the Provision field with the code of the provision control registered via [F3] query.
Procedures
Classifying purchases:
| 1. | In Classification of Purchases, press [F12]. |
| 2. | Fill out data according to field help instructions and confirm them. |
| 3. | Select the desired item and select Classify. |
The window Classification of Fixed Assets - Classify is displayed. It presents the Assets register with a few fields filled out.
| 4. | Enter the additional information. |
Note how to fill out the field Control Type, which enables own assets to be differentiated from the third party ones.
| 5. | Confirm the classification. |
eb863e80-e99b-4888-a3db-bc6c4fdcc3f8Tip: During classification, the user can alter the code of the Asset generated automatically by the Purchases module. For this, simply place the cursor on the field Asset Code and change it at the time of classification. |
Related Features
| • | Third Party Assets |
Option that allows registering the third party assets, the data related to the third party who owns the asset rights, and the way the company was granted this right.
See Also