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Asset Condition

Asset Condition is a list of the states an asset can be in: new, good, needs repair, beyond repair.

Where
Fixed Asset › General › Asset Condition
Who uses it
The implementation consultant, the fixed asset accountant
When
At setup, if the company wants the list
Needs first
Nothing

What it is for​

No other screen in the delivered configuration picks a condition: the asset has no condition field. The list is kept for reference only.

Every field in plain words​

FieldWhat it meansWhat to put
Asset ConditionThe codeNEW, RPR. Required
NameWhat the state isNeeds repair. Required
NotesAnything to remember about itFree text
BlockStops it being pickedTick to retire it

How to configure it​

Nothing has to be set here for the fixed asset process to work. Fill it only if the company keeps the list for its own records.

Scenarios​

  • After a physical count, damaged assets must be marked. There is no condition field on the asset. Record it in the Remarks of the Asset Master.

What it is connected to​

If something looks wrong​

  • The save is refused on the code. The code is missing or already used. Each code can be used once.