In Attaché Asset Management, asset statuses play a crucial role in determining how assets are tracked, reported, and managed within the system. Below is an overview of the different statuses and their implications:
Overview of Asset Statuses
Active
Definition: An asset marked as Active is currently in use and tracked within the system.
Key Features: - Associated with a cost. - Included in standard processes such as depreciation and reporting.
Use Case: Assign this status to assets that are actively being used in your operations.
Historic
Definition: An asset marked as Historic has been fully written off, disposed of, or sold.
Key Features: - Retained for historical records and reporting purposes. - Can be removed during End of Year processing if the auto-delete option is enabled.
Use Case: Use this status for assets that are no longer in use but need to be kept for record-keeping.
Inactive
Definition: Inactive assets are excluded from certain reports, such as the Asset Summary report.
Key Features: - Not included in reporting by default. - Can be reactivated by changing their status to Active.
Use Case: Use this status for assets that are temporarily not in use but may be reactivated in the future.
Impact of Asset Statuses on Reporting
Active Assets: Always included in reports like the Asset Summary report.
Historic Assets: Retained for historical reporting but may be excluded from active operational reports.
Inactive Assets: Excluded from reports such as the Asset Summary report. To include them, change their status to Active.
Managing Asset Statuses
By understanding and managing asset statuses effectively, you can ensure accurate reporting and streamlined asset management processes.
Changing Asset Status: - Navigate to the asset management settings in Attaché Asset Management. - Select the asset and update its status to Active, Historic, or Inactive as needed.
Enabling Auto-Delete for Historic Assets: - During End of Year processing, enable the auto-delete option to remove Historic assets if they are no longer needed.