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Creating an FE for
Home > Fixed Assets > Job Aids > Creating a FE for Manual Depreciation
Process:
This job aid describes the process regarding reviewing and calculating manual depreciation.
Navigate to Global Search Bar and enter FARCOMP.
Select Fixed Asset Registry Component.
2. On the Fixed Asset Registry Component page:
Enter Fixed Asset Number.
Click Apply.
3. In Fixed Asset Grid click Caret to expand options.
Select the General Information subsection.
Review Depreciation information for the Asset. (Accumulated Depreciation and Net Book Value)
4. Create a Fixed Asset Depreciate Expense (FE) for Transaction.
Enter FE in the Global Navigation Bar.
On the Financial Transaction page select Fixed Asset Depreciation.
Enter Transaction Department.
Click Create.
5. On the Create Transaction page check Auto Numbering then click Continue.
6. On the Fixed Asset Depreciation page select the Header Tab.
Select the General Information subsection.
Enter the Fixed Asset Number.
Expand 3 dot menu on the right side of the Attachments button.
Select Auto Apply in the Related Actions Menu.
Click the Save button.
7. In the General Information subsection.
Enter Transaction Name.
Enter Transaction Description.
Expand Show More caret and confirm Event Type is set to FA03.
Click Save button.
8. On the Fixed Asset Depreciation (FE) page select the Component tab.
Enter Depreciation Amount.
Click Validate button and then Submit button.
FE will populate warning message. The warning message will automatically populate for any asset that normally depreciates using mass depreciation.
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