FAQ: Assets on Lease-Type Supplier Contract Amendments

How do I add a review step to the Supplier Contract Amendment Event business process for leased assets?: To review the asset adjustments made when you approve a lease-type supplier contract:
Configure the business process security policy on the
Supplier Contract Amendment Event
business process.
Add
Review Asset Adjustment for Contract Amendment
as an
Action Step
on the business process.
Select a
Group
to assign on the new business process step.
Can I update the asset cost and useful life on approved supplier contract amendments?: When you approve the amended contract, Workday automatically updates the asset cost without requiring additional approvals. If the depreciation method is Term
, Workday automatically updates the useful life. If the depreciation method isn't Term
or Declining Balance
, you can update the useful life during the review step.

Can I perform all asset-tracking lifecycle events when I have a business process event in progress?: When you create a contract amendment and save for later the business process step, some lifecycle events aren't available. These lifecycle events are unavailable for all assets on a lease-type supplier contract:
Adjust Asset Acquisition Cost
Adjust Asset Post Acquisition Cost
Adjust Asset Useful Life
Change Asset Book Configuration Information for Non-Accounting Book
Corect Asset Useful Life
Dispose Assets
Reinstate Asset
Remove Asset