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Description of Issue

What are the steps that should be taken to process assets for year end close?

Context

Capital Assets

Cause

Informational

Resolution
  1. Post any new assets for the fiscal year to be closed:  Capital Assets changes in 2019.1 and above - How to post a New Asset
  2. Clear pending asset transactions:  How to take care of a pending transaction
    1. Assets with pending transactions will not be updated by the Capital Asset Year End Process 
  3. Post depreciation for the fiscal year to be closed:  How to run depreciation
  4. Run any necessary reports for the auditors:  Asset report to show transaction details
  5. Run the Capital Asset Year End Process:  How to change Current fiscal year shown on asset
Additional Information






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