Assets Integrated with Sub-Systems

If this is selected, Creditor Invoice Entry Asset Creation is active.

Any creditor G/L allocation to a capital account defined in Asset Definition Maintenance then requires an asset to be created before the invoice is complete.

Asset G/L Range Min / Max / Exclusions

Enforce warnings when processing invoices in Creditor Invoice Entry, to ensure that an asset purchase is being captured.

The general ledger range:

• is based on the meaning of the Range Based On field described below
• is defined by the Min and Max fields
• excludes any codes listed in the Exclusions field.

Range Based On

Asset G/L Range fields are based on either the:

• General Ledger Code (G/L Code)
• Chart of Account Code (COA Code).

Creation Threshold

Enforce a warning that an asset must be created if a journal posted to a capital account has a value greater than this threshold value.

Insurance Notification Threshold

If an asset purchase value is greater than this amount, display the Insurance Notification Message to the user.

Insurance Notification Message

Message displayed when the asset purchase value is greater than the Insurance Notification Threshold.

For example: You must notify insurance of this new asset.

Use Posting Date when creating Asset from Creditor Invoice Entry

Select to use the Posting Date when creating an asset from a Creditor Invoice Entry. If cleared, the Invoice Date is used instead.

Written Down Date

Written Down Date is the last time that an end-of-year calculation was run.

A year later, when you run another end-of-year calculation and Synergetic knows to treat the calculation differently to normal monthly calculations.

Automatically updated when you run the Asset Depreciation Calculation program.

Last Depreciation Date

Automatically updated when you run the Asset Depreciation Calculation program.

See the Assets manual for more information.

Note: Synergetic Management Systems initially sets up these dates when you want to start using the asset register if they are not correct.

Automatically Create Journals for

If selected this creates a general ledger journal posting for the depreciation calculated.