This section provides a brief introduction to the batch processes that extract capital asset transactions from the General Ledger and/or Purchasing and Accounts Payable for processing or for pre-asset tagging and depreciation.
Collects information from both the General Ledger and the Purchasing module.
Purchase order information is extracted from the Purchasing/Accounts Payable (PURAP) module when a purchase order is approved. This job selects line items that have a capital equipment object sub-type code and the amount is greater than the capitalization limit amount (parameters detailed below). The purchase order number, line number, quantity ordered, description, and vendor information are stored in the Pre-Asset Tagging table for movable capital equipment.
Calculates and posts depreciation expense entries to the General Ledger and adjusts the affected asset records.
Clears the prior year depreciation buckets associated with asset and updates the Previous Year Depreciation field. This job should be run at the beginning of each fiscal year prior to the first run of the new fiscal year’s depreciation.