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what is use of sub-asset

Former Member
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hi,

can anybody tell me what is use of sub-asset

guna

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Answers (3)

Answers (3)

Former Member
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Former Member
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Hi,

The term "asset" is used for simple assets, as well as for complex large-scale assets that consist of a number of component assets. The data structure of the system, with a 12 character alpha-numeric main asset number and a 4 character sub-number, allows both. The main asset number represents the asset as a whole. Parts of assets can be represented by different sub-numbers

Every master record is automatically created with at least one sub-number, even if no sub-assets exist. The system marks the first master record as an asset main number master record. When you use internal sub-number assignment, this main number has sub-number "0000". You can create additional sub-numbers for this main number master record. The system manages values for each sub-number for every individual depreciation area in year segments. The individual transactions are posted directly to the sub-numbers as line items.

Hope it helps

Saravanan.A

Former Member
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hi

please give one example

guna

Former Member
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Hi,

If you are creating an assets (means inhouse production), for examble, your are laying a conveyer, in this case, you may have the main asset as "conveyer set" and the sub assets, belt, motor, electrical wiring and other important parts of it which was bought seperatly from outside vendor.

In above examble, you can dismantle it again and use the parts of it for other purposes also.

Hope it helps

Saravanan.A

Former Member
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Hello

Assume you have capitalised certain AUC items into one asset numbered 100000.000

After a few months you realise that you have missed one expense, which also needs to be capitalised.

Now create a master record 100000.001, which would be a sub asset to the main asset.

Now aquire the expense debiting this asset and crediting vendor. Remember to use asset key 70 and transaction type.

Reg

assign pts if useful

Former Member
0 Kudos

Hi dear...

The standard system creates an asset for each new real estate that you maintain. Similarly, a sub-asset is created for each accessory/special equipment that you maintain on a real estate.

The term "asset" is used for simple assets, as well as for complex large-scale assets that consist of a number of component assets. The data structure of the system, with a 12 character alpha-numeric main asset number and a 4 character sub-number, allows both. The main asset number represents the asset as a whole. Parts of assets can be represented by different sub-numbers. (sub asse numbers)

Every master record is automatically created with at least one sub-number, even if no sub-assets exist. The system marks the first master record as an asset main number master record. When you use internal sub-number assignment, this main number has sub-number "0000". You can create additional sub-numbers for this main number master record. The system manages values for each sub-number for every individual depreciation area in year segments. The individual transactions are posted directly to the sub-numbers as line items.