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Administrator Guide
Last Updated: 2024-05-17
Steps: Set Up Asset Adjustment Reasons

Steps: Set Up Asset Adjustment Reasons

Security:
Set Up: Business Asset Accounting
 domain in the Business Asset Accounting functional area.
You can configure asset adjustment reasons for users to select when they access the
Adjust Asset
 task from the related actions menu on assets. The
Adjust Asset
 task enables users to change rate schedules on assets that:
Example: To reflect the sales history of intangible assets, you change their 5-year rate schedule to a 3-year rate schedule.
Selecting an asset adjustment reason provides visibility and a better understanding of why rate schedules change. Example:
Updated sales curve based on sales history
.
  1. Access the
    Maintain Asset Adjustment Reasons
     task.
    Add rows for the asset adjustment reasons that you want to enable users to select.
  2. Access the
    Maintain Asset Adjustment Types
     task.
    Add rows in the
    Adjustment Reasons
     grid for the
    Update Rate Schedule
     asset adjustment type, selecting the new asset adjustment reasons.