Defining fixed assets for compatible units

Define fixed asset codes to categorize tangible assets like property and equipment associated with compatible units for the purposes of reporting financial accouting information. Fixed assets are assumed to have a useful life span that covers multiple financial reporting periods.

Select Work > Projects > Compatible Units > Compatible Units Fixed Asset Codes.
Click New Record.
Specify this header information for the new record:

Fixed Asset Code

Specify a unique code or text identifying the fixed asset code you are creating, and then specify a description in the adjacent field.

Organization

Specify the organization for the fixed asset.
Specify this Fixed Asset Code Details information:

Accounting Code

Optionally, specify a compatible unit accounting code if this fixed asset code you are creating should be restricted for use only with this accounting code for financial transaction recording purposes.
Note: Leave this field blank to ensure the fixed asset code is available for all accounting codes.
Select the Out of Service check box to indicate the fixed asset code should not display in lookups across the system.
Click Save Record.