Description
Streamline your fixed assets management with this MIP® Cloud training. Learn how to create asset codes to track individual assets, manage depreciation, and monitor warranty information. This course covers entering assets during accounts payable invoices and cash disbursements, reconciling fixed assets with the General Ledger, transferring depreciation calculations, and disposing of assets. Conclude your training by generating and analyzing detailed 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