Using Accounts Payable

Components of Fixed Asset Transfer from APFigure 54: Example of the ASST Form for a Transferred AssetFigure 54 is the asset record created for one of the line items from the FAILform. If the asset tag information exists, the fields Building through Stewardare transferred here. The Property Tag field is transferred to the Other FixedAsset Information (OFXM) form.Colleague transfers the following information from the voucher record to thefixed asset record:• Description (ASST form)• Acquisition Date (ACQM form)• Acquisition Cost (ACQM form)• Vendor ID (ASST form)• Voucher (ASST form)• PO No (ASST form)• Project ID (ASST form)• Pct (ACQM form)Colleague also populates the Acquisition Method field on the ASST form. Forassets transferred from Accounts Payable, the acquisition method codedefaults from the Default Acquis Method field on the AP ParametersDefinition (APDE) form, and not from the voucher. The Default AcquisMethod field is an optional field on the APDE form – if you choose to leave itblank, then you will need to enter an Acquisition Method on the asset record.Using Accounts Payable, June 19, 2009 315© 2009 Datatel, Inc.