Concept: Pooled Assets
Pooled assets are groups of similar tangible items that you register and track as a
single asset in Workday. Example: 100 flash drives. Pooling assets is useful for tracking
multiple low-value assets and enables you to keep your asset register clean and maintainable.
You can pool assets that you register manually or assets that Workday registers from lines on
receipts or supplier invoices. You can't pool assets that you create by capitalizing project
transactions.
Pooled assets follow the asset book rules, and are subject to the
Spend
account
posting rule. You can place pooled assets in service, and depreciate a capitalized pooled
asset as a single asset. Asset lifecycle events equally apply to each asset included in the
pool.Automatic and Manual Asset Pooling
You can set up asset pooling rules for Workday to automatically pool assets that meet your
criteria.
You can manually pool assets:
- When you review trackable lines on a receipt or supplier invoice.
- When you register assets with theRegister Assetstask.
Pooled and Composite Assets
You can
register:- Discrete composite assets that consume an entire asset pool.
- Nondiscrete composite assets that consume an asset pool fully or partially.