Title

Description

Organization Owner Chart Of Accounts Code

Required. Enter the chart code for the owner account that is responsible for the asset or search for this code from the Chart lookup .

    When the parameter Accounts_Can_Cross_Charts is set to 'No', the system derives the chart code from the account number entered, and an entry in this field is not required.

Organization Owner Account Number

Required. Enter the account number for the owner that is responsible for the asset or search for this number from the Account lookup .

Organization Owner Organization Code

Display-only. Identifies the organization responsible for the asset; set by the organization owner account number.

Owner

Optional. Used when the title is vested in other universities or agencies. Enter the name of the owner of the asset or search for it from the Agency lookup .

Asset Status Code

Required. Select a code from the list to indicate the current status of the asset or search for this code from the Asset Status Code lookup .

Required. Select the condition of the asset from the list (for example, 'Excellent,' 'Good,' 'Fair,' and 'Poor') or search for it from the Asset Condition lookup .

Asset Description

Required. Enter a detailed description of this asset.

Asset Type Code

Required. Enter the code used to classify types of assets grouped by categories or search for this code from the Asset Type lookup . The asset type groups equipment for reporting purposes. For capital assets, this code also assigns the useful life for depreciation purposes.

Vendor Name

Required for capital assets; optional for non-capital assets. Enter the name of the company or person who sold the asset to the institution and to whom the first payment was made.

Manufacturer

Required for capital assets; optional for non-capital assets. Enter the name of the person or company that manufactured the asset.

Optional. Enter the number assigned by the manufacturer to this model of asset.

Optional. A free-form text area for use by the organization.

Display-only. The date of the last inventory performed by the University or the date an asset was last physically verified, moved, relocated, inventoried, or tagged.

Required. Enter the date the asset was added to the asset database or select this date from the calendar . The date is initially set to the current date.

In-Service Date

Display-only. This date is system-assigned.

Display-only. The date on which asset depreciation begins for capital equipment. The system computes the depreciation date based on the in-service date and the asset deprecation convention.