Automatically flagging purchases as assets

How to automatically flag a purchase as an asset

• Capital Assets
• General Ledger
• GL

Informational

1. In Chart of Account Segments, select Object Code as segment and click Accept
2. Select object code from list or click Search to pull it up
3. Scroll down to the Defaults section, enable the Capital assets checkbox, and add a value to the Capital asset amount field
   1. If a purchase is made with that object code that exceeds that amount, the purchase will automatically flag as an asset to be pulled in through the Work File

Capital Assets Tools & Techniques - refer to pages 1 & 2