Maintaining Asset Master Data

The 3D printer was now put into action. Before Kevin can process the asset in accounting, he must create the master record.

Lisette shows Kevin the fields that need to be maintained when creating an asset master record.

Kevin is already facing the next challenge. Let’s see what this one is about.

This is what creating similar asset accounting master data would look like in practice:

To learn about the concept of subnumbers in assets, check the interactivity:

If a fixed asset is made up of many component assets, you can manage these component assets as separate sub-numbers. Doing so may be useful for technical and accounting reasons. You may divide assets by sub-numbers for the following reasons:

• You want to separately manage the values for subsequent acquisitions (buildings, for example) in the following years.
• You want to separately manage the values for individual parts of assets.
• You want to split the asset according to various technical aspects.

Lisette has prepared a graphic for Kevin, so that he can better imagine how all this theory looks like when put into practice.