Description
Learn to manage fixed assets efficiently with this MIP® Fund Accounting training. Discover how to create asset codes to track individual assets, manage depreciation, monitor warranty information, and reconcile fixed asset transactions with the General Ledger. This course also covers entering assets through accounts payable invoices and cash disbursements, transferring depreciation calculations, and asset disposal. Conclude your training by generating and analyzing key fixed asset reports.
By the end of this session, you will:
- Understand the relationship between the Fixed Asset Module and the General Ledger
- Set up the Fixed Assets module, including Asset Types, Distribution Codes, and more
- Create and modify assets using the Fixed Assets Quick Entry Form
- Calculate, review, adjust, dispose of, and transfer depreciation
- Generate and analyze Fixed Asset reports